Wednesday, January 11, 2012

Outlook for 12th January 2012

Daily trend of the market is up
Though market has remained sideways but it is still in uptrend, so the readers who have created long positions in Nifty may hold them till the trend remains up.
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Percentage above support
Percentage of stocks above support is still above 50%, so the readers who are holdibng long positions in cash market may hold them till the percentage of stocks above support remains more than 50%. ________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: GMR Infra, Orbit Corp, HDIL, IVRCL, Aurobindo Pharma, KS Oils, WelCorp, Rolta, Unitech & Sterlite .
Weak Futures
This is the list of 10 Weak Futures: Bajaj Auto, Bharti Airtel, VIP Ind, TVS Motor, Oil, Ruchi Soya, Hero Motors, Gitanjali, HPCL & Ambuja Cement.
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