Thursday, January 30, 2014

Outlook for 31st January 2014


 

Watch our Analyst (Neera Jain) discuss Nifty and other stocks at CNBC Awaaz  on  31st January between 10.30 am till 11.30 am on programme Sauda Aapka (ladies Special)

 

 


Market has remained volatile but is very near to its major support. A counter rally is expected from here. But as overall trend of the market ket is still down, the readers may stay away from the market and do not create any long positions till the trend does not come in uptrend.

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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: Aurobindo Pharma, IOC, HCL Tech, Glenmark Pharma, BPCL, Hind Petro, Dabur India, Wipro, Hindustan Uni Lvr & Infy.

 

Weak Futures

This is list of 10 Weak Futures: JP Power, Ranbaxy, JP Associate, BOI, Oriental Bank, India Bulls, Canara Bank, Allahabad Bank, HDIL & Unitech

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