Thursday, August 19, 2010

Outlook for 20th August 2010

Daily trend of the market is up
The market has crossed its important resistance levels and is continuing its upward momentum. 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: UCO Bank, KFA, Petronet, Vijaya Bank, Tata Motors, Tata Chem, Bhushan Steel, Yes Bank, Grasim & Tata Comm.
Weak Futures
This is the list of 10 Weak Futures: Suzlon, RNRL, RCOM, Sesa Goa, Punj Lloyd, Aban Off shore, National Alum, R Power, Cipla & Rel Infra.
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