Tuesday, July 29, 2014

Outlook for 30th July 2014

Daily trend of the market is up
Market is taking a correction. But till overall trend remains up the readers who had created long positions in Nifty on 23rd July may go on holding them.
Percentage above support
Percentage of stocks above support is still above 50%, so the readers who have created long positions in cash market on 23rd july may hold them till the percentage above support remains more than 50%.
Strong Futures
This is list of 10 Strong Futures: Glenmark, Sun Pharma, Ranbaxy, Just Dial, Hind Uni Lvr, Bharat Forge, HCL Tech, Asian Paint, Exide Ind & TCS.
Weak Futures
This is list of 10 Weak Futures: GMR Infra, IBrealest, M&M Fin, Unitech, Reliance, JP Associate, Cairn, Sun TV, PFC & DLF.
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