Wednesday, January 09, 2013

Outlook for 10th January 2013



Market is again correcting and its first support is also nearby. So as overall trend of the market is still up, the readers who had bought nifty on 29th November 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 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: Hindustan Petro, Jain Irrigation, GVK Power, Bank Of India, MRF, Unitech, Idea, Pantaloon, RCOM & IFCI.

Weak Futures

This is list of 10 Weak Futures: Titan, Bhushan Steel, Hexaware, LT, Ambuja Cement, ITC, Divis Lab, Raymond, Orient Bank & Hind Uni Lvr.

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