Friday, July 15, 2011

Outlook for 15th July 2011

Daily trend of the market is down
After taking a good bounce market has again started trading in a sideways zone.But till the trend of the market remains up, the readers who had created long positions in nifty on 27th June when nifty closed above 5500 ___________________________________________________________
Percentage above support
Percentage of stocks above support is above 50%, so the readers may create long positions in cash market and hold them till the percentage above support remains above 50%
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Strong Futures
This is list of 10 Strong Futures: TTML, Dish TV, CESC, PFC, IRB, Recltd, Bata India, Renuka, Chambal Fert & MRF..
Weak Futures
This is the list of 10 Weak Futures: GTL Infra, LITL, OnMobile, KS Oils, S Kumars, Escorts, GVKPIL, Orchid Chem, Sail & JP Associate.
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