Tuesday, July 17, 2012

Outlook for 18th July 2012



Market has closed below its important level and has come in downtrend. So the readers who had been holding longs in nifty since 8th June may now quit them and stay out of the market till the trend remains down.

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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: MC Dowell, Balram Put Chini, Dish TV, BF Utilities, Mcleodruss, TVS Motor, Divis Lab, KTK Bank, Aban & Biocon

Weak Futures

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

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