Wednesday, April 16, 2014

Outlook for 17th April 2014


 Market is taking a correction, but till overall trend remains up the readers, who had created long positions in Nifty on 20th Feb may go on holding them.
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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: Adani Enterpris, HDIL,Ranbaxy Laborato, Reliance Infra, Unitech, Crompton Grea, Union Bank , United Spirit,LIC Housing and UPL LIMITED.
 
Weak Futures
This is list of 10 Weak Futures: Just Dail, M&M FIN, L&T FH, DLF Limited, Infosys Limited, Mcleod Russel, BHEL , Dish TV, Dr. Reddy and JUBLFOOD..
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