Thursday, January 12, 2012

Outlook for 13th January 2012

Daily trend of the market is up
Market is still moving in a sideways consolidation zone, but till the overall trend remains up,the readers who had created long positions in Nifty on 10th Jan, may go on holding them.
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Percentage above support
Percentage of stocks above support is still above 50%, so the readers who are holding 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 Triveni, GMR Infra, Orbit Corp, IVRCL, Adani Power, WelCorp, HDIL, Renuka, NCC & ABB .
Weak Futures
This is the list of 10 Weak Futures: Infosys, TCS, TVS Motor, Biocon, Bharti Airtel, Bajaj Auto, Gitanjali, Bajaj Holding, Ruchi Soya & Hero Motors.
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