Friday, July 06, 2012

Outlook for 6th July 2012



After consolidating market is again going up, but it is overbought and needs some correction. And 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: LITL, GMR Infra, Punjlloyd, Renuka, Bajaj Hind, STR Tech, JSW Ispat, HDIL, Aban & Dish TV.

Weak Futures

This is list of 10 Weak Futures: OnMobile, Cairn, Tata Motors, Core Education, Tata MTR DVR, Ruchi Soya, Asian Paint, Yes Bank, Wipro & Glaxo.

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