Monday, August 06, 2012

Outlook for 7th August 2012



Market is moving up steadily so as overall trend of the market is still up, 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, Balrampur Ch, MC Dowell, OFSS, OnMobile, Finan Tech, TTK Prestige, Reclted, Bajaj Hind & Grasiml.

Weak Futures

This is list of 10 Weak Futures: S Kumars, BEML, Bank Of India, Welcorp, Union Bank, Adanient, Andhra Bank, IOB, Canara Bank & BPCL.

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