Monday, February 17, 2014

Outlook for 18th February 2014


Market is giving a good counter rally and has come near its first resistance zone. 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, Voltas, HCL Technologies, Apollo Tyres, Hexaware Techno, Tata Motorsb, Bharat Forge ,Tata Motors Dvr, M&M and PFC.
 
Weak Futures
This is list of 10 Weak Futures: Indiabulls Rea, Bank of India, Allahabad Bank,Idea, Oriental Bank, HDIL, BHEL, Hindalco, MCDOWELL and Jaiprakash Associates
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