Sunday, December 23, 2012

Outlook for 24th December 2012



Market is moving in a corrective mode and trading near its major support. And 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: Bank Of India, Sail, Jindal Steel, MRF, Shri Ram Trans, Zeel, Tata Steel, Jain Irrigation, Hindalco, & Pantaloon.

Weak Futures

This is list of 10 Weak Futures: Hexaware, JP Power, R Power, Divis Lab, HDIL, IRB, Titan, Voltas, Cairn & IGL.

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