Thursday, July 29, 2010

Outlook for 30th July 2010

Daily trend of the market is up
Now that the clearing is over, so expect the market to stabilize and continue its upward movement. So as the trend is still up,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: Petronet, Allahabad Bank, Sintex, Bajaj Auto, Titan, UCO Bank, Bank Of India, Idea, Mcdowell-N & Orient Bank.
Weak Futures
This is the list of 10 Weak Futures: RNRL, EKC, Maruti, Patni, Finance Tech, TV-18, FSL, GT Offshore, JP Associates & Polaris.
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