Wednesday, January 12, 2011

Outlook for 13th January 2011

Daily trend of the market is down
Market has taken support and is taking a counter rally. But as overall trend is down, so the readers may stay out of the market and do not create any long positions till the trend remains down.
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Percentage above support
Percentage of stocks above support is still below 50%, so the readers may still stay out of the market till the percentage of stocks above support does not come more than 50%. ________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: Jindal Saw, Hexaware, Praj Ind, Hind Zinc, HCL Tech, Sesa Goa, Bata India, Glaxo, Indian Hotel & Ispat Ind..
Weak Futures
This is the list of 10 Weak Futures: Syndicate Bank, HDIL, JSW Steel, LIC Housing, Patel Eng, Orbit Corp, Bajaj Auto, MLL, GMR Infra & IOC.
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