Tuesday, February 11, 2014

Outlook for 12th February 2014



Market is still moving sideways and is trading near its first resistance level. And 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: Aurbindo Pharma, IOC, Bharat Forge, Voltas, Apollo Tyres, HCL Tech, Hindustan Petro, Hexware Tech, Tata Steel & Divi lab .

 

Weak Futures

This is list of 10 Weak Futures: India Bulls, Idea, BOI, JP Associate, Oriental Bank, Canara Bank, Allahabad Bank, Adani Enterpris, IRB Infra & Zee

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