Thursday, July 01, 2010

Outlook for 2nd July 2010

Daily trend of the market is up
Majority of the markets worldwide are coming in downtrend , only our market si still in uptrend. But till our market goes on holding its major support the trend will remain 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: Hind Petro, BPCL, GTL Infra, Aban Off shore, BRFL, IDFC, TV-18, ONGC, Idea & Orchid Chem.
Weak Futures
This is the list of 10 Weak Futures: Jindal Steel, Wipro, Sail, India Cement, Tata Steel, TCS, Sesa Goa, Hindalco, Orient Bank & Petronet.
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