Monday, July 23, 2012

Outlook for 24th July 2012



Market has become very volatile and is falling down. 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 now below 50%, so the readers who bought  deliveries  on 18th June may now quit the longs and do not create any positions in deliveries till percentage above support remains less than 50%.

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Strong Futures

This is list of 10 Strong Futures: Mc Dowell, Tata Comm, Balram Pur Chini, MTNL, Zeel, Mcleodruss, KTK Bank, TTK Prestige, Mphasis & Bajaj Hind.

Weak Futures

This is list of 10 Weak Futures: Adanient, IVRCL Infra, Tata Motors, HDIL, Raymond, BEML, HCC, Union Bank, Maruti & India Info.

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