Sunday, February 09, 2014

Outlook for 10th February 2014



Market has taken a good support and is give us a counter rally. But as overall trend of the market 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: Aurindo Pharma, Voltas, IOC, Divi Lab, Appollo Tyres, Hexaware Techno, Glenmark Pharma, Tata Steel, Adani Power & Dabur India.

 Weak Futures

This is list of 10 Weak Futures: India Bulls, BOI, Ranbaxy, IRB Infra, Oriental Bank, JP Associate, Canara Bank, JP Power, Idea & UCO Bank

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