Tuesday, December 18, 2012

Outlook for 18th December 2012



Market is still consolidating in a sideways zone and we are waiting for it to come out of it and give us fresh signals But as overall trend of the market is still up, so the readers who had bought nifty on 29th November 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 had created positions in deliveries may hold them till the percentage above support remains above 50%.

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Strong Futures

This is list of 10 Strong Futures: Adani Power, Union Bank, Adanient, Sterlite, MRF, IFCI, Pantaloon, Jindal Steel, Adani Ports & Rel Capital.

Weak Futures

This is list of 10 Weak Futures: Hexaware, Divis Lab, TCS, Bhel, Tata Comm, IRB, GMR Infra, Titan, Infy & Renuka.

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