Thursday, January 16, 2014

Outlook for 17th January 2014



Market is moving sideways and is trading near its first resistance. But as overall trend of the market is still up, the readers who had created long positions on 14th Jan may go on holding them till the trend remains up

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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: Apollo Tyres, UPL, HCL Tech, FRL, TCS, Hexaware Tech, Bharat Forge, Godrej Ind, Aurobindo Pharma & Divi Lab

 

Weak Futures

This is list of 10 Weak Futures: Exide Ind, Dish TV, Ranbaxy, Crompton Grea, M&M Fin , Jubl Food, Unitech, IRB, Mcleod Russel & Jai prakash

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