Thursday, February 23, 2012

Outlook for 24th February 2012

Daily trend of the market is up
Market is still giving a correction, 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, LITL, BGR Energy, HDIL, Godrej Ind, VIP Ind, Yes Bank, WelCorp, STR Tech & BPCL
Weak Futures
This is the list of 10 Weak Futures: GSPL, MC Dowell, Arvind, Tulip, GMR Infra, Dish TV, Cipla, Sterlite, Educomp & DCHL.

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