Outlook for 10th July 2014

Daily trend of the market is up Market is taking a correction and has come very near its daily support, which if broken the nthe trend will turn to down. But till the trend remains up, the readers who had created long positions in Nifty on 9th May, may go on holding them. 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% . ________________________________________________________________ __ Strong Futures This is list of 10 Strong Futures: Sun Pharma, Ranbaxy Lab, Just Dial, Adani Ports, IRB Infra, CESC, IDFC, Havells India, Adani Ports & Divi Lab.. Weak Futures This is list of 10 Weak Futures: GMR Infra, United Spirit, Jai Prakash Associate, India Bull Rea, Jai Prakash Power, The India Cemen, Reliance Com, Union Bank & IDBI Bank, _________________________________________________________________ Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email. ________________________________________________________________