Monday, January 23, 2012

Outlook for 24th 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: Orbit Corp, IVRCL, Suzlon,NCC,Welspun Corp, Adani Enterprise, Unitech, Adanipower, Aban ,Indiabulls Real Estate and Rel Infra
Weak Futures
This is the list of 10 Weak Futures: M&M,Infosys,TCS,Dish TV,TTK Prest,Essar Oil,Ruchi Soya,Tulip,Mcleod & Wipro.
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