Tuesday, July 03, 2012

Outlook for 4th July 2012



Market is moving in a sideways zone and as it has become overbought, so expect some correction in coming days. But as the long term trend is still up, the readers who bought nifty in 8th June may go on holding them.

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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: Sun TV, Bajaj Hind, NCC, HDIL, Finan Tech, NMDC, Renuka, LITL, MC Dowell & Pantaloon R.

Weak Futures

This is list of 10 Weak Futures: OnMobile, Tata MTR DVR, Ashok Ley, JP Power, Cairn, Tata Motors, Apollo Tyre, Max India, Core Education & Ruchi Soya

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