Wednesday, August 01, 2012

Outlook for 2nd August 2012



Market has its first resistance at current levels from where a sideways consolidation might come in the market. 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 now above 50%, so the readers may create longs positions in cash market and 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, TTK Prestige, Zeel, Grasim, Cipla, Ambuja Cement, Tata Global, Dish TV, RECL Ltd & MC Dowell.

Weak Futures

This is list of 10 Weak Futures: S Kumar, BEML, Union Bank, RCOM, Adanient, Alok Text, IOB, Welcorp, Bank Of India & Escorts.

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