Thursday, August 16, 2012

Outlook for 16th August 2012



After consolidating the market is again getting ready to go up. And 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: Balrampur Ch, MTNL, Finan Tech, IGL, MC Dowell, OFSS, Tech Mahindra, OnMobile, Zeel & Apollo Tyre.

Weak Futures

This is list of 10 Weak Futures: S Kumars, BEML, Bharti Artl, Bank Of India, Union Bank, Andhra Bank, Orchid Chem, Ibrealest, Patel Eng & LITL.

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