Thursday, March 22, 2012

Outlook for 23rd March 2012

Watch our Analyst (Neera Jain) discuss Nifty and other stocks at NDTV Profit on 23rd March between 4 pm till 4.30 pm on programme Buy/Sell”

Daily trend of the market is down
Market took a counterrally till the resistance and then started falling down again. So till the trend remains down, the readers may not create long positions and stay out of the market.
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Percentage above support
Percentage of stocks above support is again below 50%, so the readers may quit the longs in cash market and do not create any position till the percentage of stocks above support remains less than 50%. ________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: VIP Ind, Yes Bank, Welcorp, Tech M, Voltas, India Cement, Bombay Dyeing, Mcleodruss, Unitech & Jubilant Food.
Weak Futures
This is the list of 10 Weak Futures: Adanient, OnMobile, Renuka, Biocon, NCC, Pantaloon R, TVS Motor, Adan, Bajaj Hind & SRE Infra.

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