Tuesday, February 04, 2014

Outlook for 5th February 2014


Market trading at its major support from where a counter rally is expected. 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: Aurobindo Pharma, IOC, Divi's Lab, Apollo Tyres, Arvind, Glenmark Pharma, CESC, Hind Petro, UBL & MRF.
 
Weak Futures
This is list of 10 Weak Futures: JP Power, Ranbaxy, IBREALEST, Bank of India, JP Associate, JSW Steel, DLF, Canara Bank, HDIL & Allahabad Bank
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