Monday, July 26, 2010

Outlook for 27th July 2010

Daily trend of the market is up
As the clearing is approaching so expect the market to remain sideways and volatile. But the trend is till up, so the readers who had created long positions in Nifty on 15th June may go on holding the longs.
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Percentage above support
Percentage of stocks above support is still above 50%, so the readers who have created positions in cash market may hold them till the percentage of shares above support remains above 50%. ________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: Titan, Bharti Airtel, UCO Bank, Sintex, Allahabad Bank, Idea, Crompton Greaves, TCS, Cairn India & PTC.
Weak Futures
This is the list of 10 Weak Futures: Maruti, RNRL, Hero Honda, TV-18, Indian Bank, Dr Reddy, FSL, KS Oils, Praj Ind & Finance Tech.
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