Wednesday, August 07, 2013

Outlook for 7th August 2013



Market is very volatile, and it has good support at current level, but it has to be seen whether it takes support here or not. And as the trend is down, so the readers may stay away from the market and do not create long positions till the trend does not come in uptrend.

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Percentage above support

Percentage of stocks above support is still below 50%, so the readers may not create long poisitons and stay away till percentage above support remains less than 50%.

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Strong Futures

This is list of 10 Strong Futures: Wipro, Hexaware, TCS, HCL Tech, Tech M, Infy, Sun TV, Hero Motors, Biocon & Lupin.

Weak Futures

This is list of 10 Weak Futures: Finan Tech, Sintex, JP Associat, JP Power, Yes Bank, Bhel, KTK Bank, Dena Bank, HDIL & Union Bank.

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