Friday, August 16, 2013

Outlook for 16th August 2013



Market is taking a good counter rally and has reached its major resistance. This resistance if broken may take the market further up. But as the trend is down, so the readers may stay away from the market and do not create long positions till the trend does not come in uptrend.

___________________________________________________________

 

Percentage above support

Percentage of stocks above support is still below 50%, so the readers may not create long poisitons and stay away till percentage above support remains less than 50%.

________________________________________________________________ __

Strong Futures

This is list of 10 Strong Futures: Ranbaxy, Idea, Wipro, Tech M, Hexaware, NMDC, Auro Pharma, Tata Morots, Uniphos & Opto Circuits.

Weak Futures

This is list of 10 Weak Futures: Finan Tech, Syndicate Bank, Bhel, Yes Bank, Sintex, JP Associat, Union Bank, Dena Bank, Orient Bank & Andhra Bank.

.

_________________________________________________________________

 

Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.

________________________________________________________________

No comments: