Wednesday, January 13, 2010

Outlook for 14th January 2010

Daily trend of the market is Up
Market has touched it major support today and now it has to be seen whether it resumes its upward momentum. And as the trend is still up, the readers who have created long positions in Nifty (bought on 30th December) may go on holding the longs till the trend remains in uptrend
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Percentage above support
Percentage of stocks above support are still above 50%, so the readers who have created long positions in deliveries may go on holding them till percentage of stocks above support remains more then 50%.
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Strong Futures
This is list of 10 Strong Futures: GTL Infra, MLL, Bhushan Steel, Aban Off shore, KS Oils, Grasim, Jindal Saw, Finance Tech, DCB & Acc Ltd. .
Weak Futures
This is the list of 10 Weak Futures: Maruti, Reliance, HDFC, Hero Honda, Glaxo, State Bank Of India, ICICI Bank, GMR Infra, GT Offshore & Lupin.
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