Wednesday, February 22, 2012

Outlook for 23rd February 2012

Daily trend of the market is up
Market giving a much needed correction. But as overall trend is still up, the readers who had created long positions in Nifty on 10th Jan, may go on holding 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 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, BGR Energy, HDIL, PTC, RPower, India Info, VIP Ind, Yes Bank, Rel Capital & Welcorp
Weak Futures
This is the list of 10 Weak Futures: Tulip, MC Dowell, GSPL, Arvind, Cipla, Dish TV, Divis Lab, Educomp, Video Ind & Hind Uni Lvr.

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