Monday, July 30, 2012

Outlook for 30th July 2012



Market is moving sideways, and  expect some counter rally in coming days. But 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 below 50%, so the readers may 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: MTNL, Zeel, Ambuja Cement, HCL Tech, Ultra Tech, Grasim, Dabur, Hind Uni Lvr, Tata Global & GE Ship.

Weak Futures

This is list of 10 Weak Futures: S Kumar, Adanient, Union Bank, BEML, Rcom, IOB, LITL, Patel Eng, Escorts & Canara Bank.

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