Monday, July 23, 2012

Outlook for 23rd July 2012



After taking a small counter rally market has again started going down. And as overall trend of the market is 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, Tata Comm, TTK Prestige, KTK Bank, Mcleodruss, TVS Motor, Divis Lab, Zeel, Mphasis & Dish TV.

Weak Futures

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

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