Sunday, July 15, 2012

Outlook for 16th July 2012



Market is taking correction and is trading at its first support.But 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: TVS Motor, KTK Bank, Triveni, MC Dowell, 3I Infotech, Bajaj Hind, BF Utilities, Jindal SWHL, Aban & Punjlloyd..

Weak Futures

This is list of 10 Weak Futures: KFA, Infy, Wipro, Hexaware, DCHL, Moser Baer, IVRCL Infra, BEML, National Alum & Guj Flouroch.

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