Tuesday, June 12, 2012

Outlook for 13th June 2012



Market is very volatile and seems as if it may consolidate at current levels before moving up again. And as the trend is still up, the readers who bought nifty in 8th June may go on holding the longs till the trend remains up.

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Percentage above support

Percentage of stocks above support is still above 50%, so the readers who created  long positions in deliveries on 8 the June may go on holding them till percentage above support remains more than 50%.

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Strong Futures

This is list of 10 Strong Futures: India Info, S Kumars, GVKPIL, Jet Airways, UCO Bank, Dena Bank, HDIL, Rel Infra, Pantaloon & Syndicate Bank.

Weak Futures

This is list of 10 Weak Futures: OnMobile, BEML, Educomp, Orchid Chem, Opto Circuit, Suzlon, Adanient, MRPL, Adani Power & Mphasis.

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