Friday, June 29, 2012

Outlook for 29th June 2012



Clearing is over and now we expect market to settle down and come out of its sideways zone. And 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 still above 50%, so the readers who are holding longs in deliveries 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: HDIL, Educomp, Sun TV, KTK Bank, Finan Tech, Pir Health, Hind Oil, Renuka, Ambuja Cement & NCC.

Weak Futures

This is list of 10 Weak Futures: OnMobile, BEML, Tata MTR DVR, Rcom, Alok Text, Guj Fluoro, JP Power, MRF, HCL Tech & Adanient

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