Thursday, July 19, 2012

Outlook for 19th July 2012



Market has been falling consistently since a few days and now needs a counter rally. But as overall trend of the market is still down, so the readers may stay out of the market and do not create any longs positions 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, Mcleodruss, Balram Pur Chini, TVS Motor, Tata comm, TTK Prestige, KTK Bank, Bajaj Hind, BF Utilities & Biocon

Weak Futures

This is list of 10 Weak Futures: Adanient, Infy, Tata Motors, BEML, Adani Power, Polaris, Union Bank, Hexaware, Guj Fluoro & Wipro.

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