Friday, August 24, 2012

Outlook for 24 August 2012



Market has started to give a much needed correction. 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, Tech Mahindra, Apollo Tyre, MC Dowell, Hind Uni Lvr, Ranbaxy, India Cement, GSPL, SRE Infra & Hind Zinc.

Weak Futures

This is list of 10 Weak Futures: S Kumars, Opto Circuits, Bharti Artl, BEML, GMR Infra, Jain Irrigation, R Power, Ibrealest, Patel Eng & Praj Ind.

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