Monday, July 16, 2012

Outlook for 17th July 2012



Market is still taking correction and has reached its major support. If the current support breaks then the trend may change to downtrend. But 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 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: Bajaj Hind, MC Dowell, KTK Bank, Balram Pur Chini, TVS Motor, BF Utilites, Godrej Ind, Aban, Punjlloyd & Dish TV..

Weak Futures

This is list of 10 Weak Futures: Infy, Wipro, Adanient, BEML, Hexaware, Jindal Steel, Guj Fluoro, Tata Motors, IVRCL Infra & Tata Steel.

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