Outlook for 1st April 2014

Daily trend of the market is up

Market is moving in a good uptrend, but had become overbought. It may remain sideways and even give some correction in coming days. But as overall trend is still up, so the readers who had created long positions in Nifty on 20^th 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 20^th 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: Ashok Leyland, Adani Enterpris, Adani Power, HDIL, Hindalco Ind, Steel Authourity, Union Bank, PNB, Unitech & Oriental Bank.

 

Weak Futures

This is list of 10 Weak Futures: Dr. Reddys Lab, Infosys, Wipro, HCL Tech, Just Dial, Biocon, Sun Pharma, M&M Fin, Lupin & Divi Lab.

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