Thursday, January 17, 2013

Outlook for 18th January 2013



Market is volatile and sideways. If it is able to cross the present resistance then we may see good upward move. And 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: IOC, Infy, ONGC, Hind Petrol, DLF, Hcl Tech, Idea, Bank Of India, Bharti Airtel & Unitech.

Weak Futures

This is list of 10 Weak Futures: MC Dowell, Bata India, Punj Loyd, JP Associate, JP Power, Welcorp, Voltas, Hindalco, Bhushan Steel & Tata Global.

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