Monday, June 18, 2012

Outlook for 19th June 2012



Market is very volatile and is now trading at its support, from where it is expected to move up again. So till the long term trend remains up, the readers who bought nifty in 8th June may go on holding them.

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Percentage above support

Percentage of stocks above support is now below 50%, so the readers who created  long positions in deliveries on 8 the June may quit them and do not create any long positions in deliveries till percentage above support remains below 50%.

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Strong Futures

This is list of 10 Strong Futures: Pir Health, Ambuja Cement, India Info, Pantaloon R, LT, Jet Airways, Exide Ind, JSW Energy, IGL & ACC.

Weak Futures

This is list of 10 Weak Futures: OnMobile, BEML, Adanient, Orchid Chem, Adani Power, Opto Circuit, Suzlon, Educomp, Praj Ind & Arvind

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