Tuesday, December 17, 2013

Outlook for 18th December 2013



Market has broken its first support level and has come in downtrend. So the readers who had been holding longs in Nifty since 3rd December  may now quit the longs and then stay away from the market.

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Percentage above support

Percentage of stocks above support is still above 50%, so the readers may go on holding longs in cash market.

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Strong Futures

This is list of 10 Strong Futures: Aurobindo Pha, MRF, Apollo Tyres, Mcleod Russel, SSLT, Dish TV, Voltas, CESC, Oriental Bank & Zeel

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Weak Futures

This is list of 10 Weak Futures: Godrej Ind, Unitech, Petronet, FRL, IOB, Century Texti, RCOM, NTPC, UltraTech Cem, & Allahabad Bank

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