Wednesday, January 02, 2013

Outlook for 3rd January 2013



Market has come out of its sideways zone and resumed its upward movement. And as  overall trend of the market is up, so 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: Bank Of India, Arvind, Pantaloon, Sail, Allahabad Bank, MRF, Canara Bank, IOB, PNB & Hindalco.

Weak Futures

This is list of 10 Weak Futures: Hexaware, Power Grid, IGL, ITC, Divis Lab, JP Power, Welcorp, Cairn, ABB & Infy.

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