Monday, August 27, 2012

Outlook for 28th August 2012



Market is still correcting and is near its first major support. If this support is broken then market may come in downtrend. But till overall trend of the market remains up, the readers who have bought longs on 1st august may go on holding them.

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Percentage above support

Percentage of stocks above support is now below 50%, so the readers who are holding longs in cash market may now quit them and do not create nay long positions in deliveries till  the percentage above support remains less than 50%.

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Strong Futures

This is list of 10 Strong Futures: MTNL, Tech M, Apollo Tyre, SRE Infra, Ranbaxy, MC Dowell, Hind Uni Lvr, MRPL, Cipla & GSPL.

Weak Futures

This is list of 10 Weak Futures: S Kumars, IFCI, GMR Infra, Adanient, Ibrealest, JP Power, LITL, Opto Circuit, Suzlon & Patel Eng.

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