Thursday, February 06, 2014

Outlook for 7th February 2014



Market is trading in a sideways zone. It is 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, Voltas, Divi Lab, PFC, Glenmark Pharma, CESC, Hind Petro & Tata Comm .

 

Weak Futures

This is list of 10 Weak Futures: India Bulls, JP Associate, BOI, JP Power, Ranbaxy, IRB, JSW Steel, UCO Bank, HDIL & Allahabad Bank

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