Wednesday, July 27, 2011

Outlook for 28th July 2011

Daily trend of the market is Up
Market is still very volatile and if the current support level is broken then market can come in downtrend. 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
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Percentage above support
Percentage of stocks above support is still above 50%, so the readers are holding long positions in cash market may hold them till the percentage above support remains above 50%
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Strong Futures
This is list of 10 Strong FuturesPetronet, IDEA, Praj Ind, TTML, Hexaware, GSPL, Pantaloon, SRE Infra, Bharti Artl & Hotel Leela.
Weak Futures
This is the list of 10 Weak Futures: LITL, GTL Infra, Orchid Chem, Ibrealest, HDIL, Voltas, Escorts, Educomp, JP Associate & Bhel.
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