Monday, January 24, 2011

Outlook for 25th January 2011

Daily trend of the market is down
Market is moving in a very small range and is consolidating at current levels. And as overall trend is down, 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: BRFL, Core Protect, TV 18, HCL Tech, Ispat Ind, Orchid Chem, Bank of India, Jindal Saw, Ruchi Soya & TCS.
Weak Futures
This is the list of 10 Weak Futures: Finan Tech, IVRCL Infra, Exide Ind, Patel Eng, Jindal SWHL, STR Tech, Century Text, GVKPIL, Rel Media & LT.
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