Tuesday, August 31, 2010

Outlook for 1st September 2010

Daily trend of the market is down
Market is still in downtrend, so it is advisable that the readers may not create long positions in Nifty and stay away from the market till it does not come in upttrend.
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Percentage above support
Percentage of stocks above support is still below 50%, so it is advisable that the readers do not create any long positions till percentage above support remain below 50%. ________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: Ruchi Soya, Cummins India, BPCL, Hind Petrol, UCO Bank, KFA, Tata Chem, Indian Oil, Tata Motors & Ambuja Cem .
Weak Futures
This is the list of 10 Weak Futures: Suzlon, JP Associates , Patni, Punj Llyod, Orbit Corp, Chennai Petro, Tech Mahindra, Patel Eng, EKC & HDIL
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