Monday, January 27, 2014

Outlook for 28th January 2014


Market has remained very volatile today and has broken its support level. Now as the market has come in downtrend so the readers who had created long positions on 14th Jan may now quit them and stay away from the market
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Percentage above support
Percentage of stocks above support is still below, so the readers may not create long positions in cash market till the percentage above support remains below 50% .
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Strong Futures
This is list of 10 Strong Futures: HCL Tech, Aurobindo Pharma, Glenmark Pharma, IOC, Divi Lab, Hind Uni Lvr, Infosys, Wipro, Cipla & Apollo Hospital.
 
Weak Futures
This is list of 10 Weak Futures: Ranbaxy, JP Power, JP Associate, HDIL, IRB, M&M, Rural Electrifical, PFC, Unitech & Allahabad Bank
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