Thursday, June 21, 2012

Outlook for 22nd June 2012



Market is still volatile but now it seems that may move steadily up from here. So as  the long term trend is still 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 50%, so the readers may  create long positions in deliveries and hold them till percentage above support remains more than 50%.

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Strong Futures

This is list of 10 Strong Futures: Hind Oil, NCC, Pir Health, HDIL, Pantaloon R, GVKPIL, JP Associate, Hind Petro, Ambuja Cement & Jet Airways.

Weak Futures

This is list of 10 Weak Futures: Orchid Chem, BEML, Opto Circuit, Adanient, Suzlon, Adani Power, Arvind, Maruti, Colpal & Godrej Ind

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