Wednesday, August 03, 2011

Outlook for 3rd August 2011

Daily trend of the market is down
Market has fallen down quits a lot and some counter rally is expected from here. But as over all trend of the market is still down , so 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 Futures: Idea, Chambal Fert, Hexaware, Petronet, Bata India, GSPL, Tata Global, S Kumars, Godrej Ind & Bharti Artl.
Weak Futures
This is the list of 10 Weak Futures: Crompton Greave, IVRCL Infra, KS Oils, JSW Steel, Canara Bank, LITL, Ibrealest, Jindal SWHL, OnMobile & Orchid Chem..
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