Monday, March 18, 2013

Outlook for 18th March 2013



Market is moving in a sideways zone, so we will have to wait for it to come out of it and start moving again. And till overall trend is  the readers who bought on 11th March may go on holding the longs till the trend remains up.

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Percentage above support

Percentage of stocks above support is still below 50%, so the readers may not create long positions in cash market till the percentage above support remains below 50%.

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Strong Futures

This is list of 10 Strong Futures: Jub Food, Asian Paints, HCL Tech, GMR Infra, Ranbaxy, Pujlloyd, TCS, Dabur, Sun Pharma & Tech M.

Weak Futures

This is list of 10 Weak Futures: Welcorp, NHPC, Finan Tech, Pantaloon R, Raymond, IVRCL Infra, Chambal Fert, Century Text, Ibrealest & Hindalco.

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