Tuesday, January 15, 2013

Outlook for 15th January 2013



Market has taken very good support and has started going up. But these is strong resistance nearby. But 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: Infy, Unitech, Bank Of India, ONGC, Jain Irrigation, IFCI, RCOM, Idea, Hind Petrol & Syndicate Bank.

Weak Futures

This is list of 10 Weak Futures: Bhushan Steel, Ultra Tech Cement, Ambuja Cement, Juble Food, Divis Lab, Grasim, Hind Uni Lvr, Lupin, LT & Power Grid.

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