Friday, August 10, 2012

Outlook for 10th August 2012



Market is moving sideways and some more sideways consolidation is expected in coming days. But as overall trend of the market is still up, so the readers who have bought longs on 1st august may go on holding them till the trend remains up.

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Percentage above support

Percentage of stocks above support is still above 50%, so the readers who are holding longs in cash market may hold them till the percentage above support remains more than 50%.

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Strong Futures

This is list of 10 Strong Futures: MTNL, Balrampur Ch, Grasim, OnMobile, TTK Prestige, Ambuja Cements, Recltd, Finan Tech, Cummins India & PFC.

Weak Futures

This is list of 10 Weak Futures: S Kumars, Bharti Artl, BEML, Union Bank, Pantaloon R, Andhra Bank, Bank Of India, Idea, Adanient & Rcom.

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