Monday, June 17, 2013

Outlook for 18th June 2013



Market is still continuing with its counter rally and its first resistance is very nearby. But as overall trend is still  down, so the readers may stay out of the market an  do not creates long positions till the trend remains down.

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Percentage above support

Percentage of stocks above support is still below 50%, so the readers many not create long positions till the percentage above support remains less than 50%.

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Strong Futures

This is list of 10 Strong Futures: Idea, Lupin, Havells, LIC Housing Fi, HCL Technologies, CESC, UCO Bank, RCOM, United Spirit and M&M.

Weak Futures

This is list of 10 Weak Futures: Opto Circuits, Apollo Tyres,Shree Renuka Sugar,Aadani Power, HDIL, Adani Enter, Jindal Steel, Punj Lloyd, JSW Energy and Jain Irrigati.

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