Tuesday, June 21, 2011

Outlook for 22nd June 2011

Daily trend of the market is down
Market has remained sideways today but as overall trend is still down,so the readers may stay out of the market and do not create any long positions till the trend remains down.
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Percentage above support
Percentage of stocks above support is below 50%, so the readers had been holding longs in cash market may quit them and do not create fresh long positions till the percentage of stocks above support remains below 50%. ________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: Idea, Apollo Tyre, Pantaloon, Titan, Godrej Ind, Bharti Artl, Karnataka Bank, Hind Uni lvr, Sun Pharma & Petronet.
Weak Futures
This is the list of 10 Weak Futures: GTL Infra, KS Oils, S kumars, PFC, Orchid Chem, Escorts, LITL, Orbit Corp, Jindal Saw & STR Tech.
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