Sunday, January 19, 2014

Outlook for 20th January 2014



Market is taking a correction. Its first major support is very nearby which if broken may turn the trend to down. But till market is in uptrend the reader who had created long positions on 14th Jan may go on holding them

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Percentage above support

Percentage of stocks above support is now below, so the readers may now quit the longs in cash market and stay away till the percentage above support remain below 50% .

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Strong Futures

This is list of 10 Strong Futures: UPL, ApolloTyres, HCL Tech, IOC, Infosys, FRL, HPCL, Cipla, Godrej Ind & Dr. Reddy

 

Weak Futures

This is list of 10 Weak Futures: Exide Ind, IRB, Unitech, Dish TV, Ranbaxy, IDEA, Jubl Food, Jai prakash, Aditya Birla & Crompton Grea

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