Wednesday, August 10, 2011

Outlook for 11th August 2011

Daily trend of the market is down
Market is trying to give a much needed counter rally. But as over all trend of the market is down since 28th July, the readers may stay away from the market and do not create long positions till the trend remains down.
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Percentage above support
Percentage of stocks above support is still below 50%, so it is advisable not to create long positions will the percentage above support remains below 50%
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Strong Futures
This is list of 10 Strong FuturesChambal Fert, Maruti, Hexaware, Bata India, TVS Motor, Idea, Hotel Leela, Petronet, BPCL & M&M .
Weak Futures
This is the list of 10 Weak Futures: Sterling Bio, KS Oils, OnMobile, Crompton Greave, IVRCL Infra, Jindal SWHL, Moser Baer, Escorts, FSL & Orchid Chem.
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