Wednesday, March 12, 2014

Outlook for 13th March 2014



Market has moved up very well and now is now moving in a sideways consolidation zone. We may see some correction in coming days. But as overall trend is still up, so the readers who had created long positions in Nifty on 20th Feb may go on holding them till the trend remain up.

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Percentage above support

Percentage of stocks above support is still above 50%, so the readers who had created long positions in cash market on 20th Feb may go on holding them till the percentage above support remains more than 50% .

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Strong Futures

This is list of 10 Strong Futures: :IRB Infra, Adani Enterpris, DLF, Induslnd Bank, IDFC, ICICI Bank, HDIL, Crompton Grea, JP Associate & LT.

 

Weak Futures

This is list of 10 Weak Futures: Tata Steel, NMDC, Steel Authority, SSLT, JP Power, Apollo Hospital, NTPC, OFSS, Hind Zinc & Tech Mahindra.

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