Tuesday, July 06, 2010

Outlook for 7th July 2010

Daily trend of the market is up
After taking some correction our market has again restarted its upward momentum , so till the trend remains up, and 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, Orchid Chem, Nagarjuna Const, Bharat Forg, Aban Off shore, IOB, TV-18, Polaris & Concor.
Weak Futures
This is the list of 10 Weak Futures: RNRL, Sterling Biotech, Uniphos, Patni, India Cement, India Info, Grasim, Hind Zinc, HCL Tech & Hindalco.
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