Sunday, August 12, 2012

Outlook for 13th August 2012



Market is still consolidating in a sideways zone. But as overall trend of the market is  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: Balrampur Ch, MTNL, Tech Mahindra, Sun TV, Ambuja Cement, OFSS, Finan Tech, Tata Global, Grasim & Recltd.

Weak Futures

This is list of 10 Weak Futures: S Kumar, BEML, Bharti Artl, Bank Of India, Union Bank, GVKPIL, SBIN, Andhra Bank, Pantaloon R & Canara Bank.

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