Tuesday, August 21, 2012

Outlook for 22nd August 2012



Market has resumed its upward move and has reached it major resistance from where some correction is expected. 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: MC Dowell, Apollo Tyre, Tech Mahindra, MRPL, Balrampur Ch, MTNL, Hind Zinc, Finan Tech, Tata MTR DVR & Hind Uni Lvr.

Weak Futures

This is list of 10 Weak Futures: BEML, S Kumars, Jain Irrigation, Bharti Artl, GMR Infra, Ibrealest, Canara Bank, Uniphos, Patel Eng & KTK Bank.

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