Thursday, February 16, 2012

Outlook for 17th February 2012

Daily trend of the market is up
Market had remained sideways today and as it is overbought so expect correction in coming days. But till the 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 bought on 9th Jan, may hold them till the percentage of stocks above support remains more than 50%. ________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: IFCI, HDIL, LITL, Dena Bank, BGR Energy, HCC, UCO Bank, Rpower, WelCorp & Jet Airways
Weak Futures
This is the list of 10 Weak Futures: Cipla, Divis Lab, Coal India, Video Ind, Hind Uni Lvr, Bharti Artl, IOC, BRFL, Tulip & Patni.

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