Friday, April 04, 2014

Outlook for 4th April 2014



As market has become overbought, so 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 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: Adani Power, Ashok Leyland, HDIL, Union Bank, India Cement, Unitech, Ranbaxy, Apollo Tyres, Steel Authority & Oriental Bank.

 

Weak Futures

This is list of 10 Weak Futures: M&M Fin, Infosys, Sun Pharma, Dr. Reddy, Jubl food, Tech Mahindra, HCL Tech, UBL, Divi Lab & Gail.

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