Outlook for 11th July 2014

Daily trend of the market is up Market has broken its daily support level and has come in downtrend. So the readers who had been holding longs in Nifty since 9th May, may now quit the longs and stay away from the market. Percentage above support Percentage of stocks above support is now below 50%, so the readers who had created long positions in cash market on 20th Feb may now quit the longs and do not create longs positions till the percentage above support remains below 50% . ________________________________________________________________ __ Strong Futures This is list of 10 Strong Futures: IDFC, IRB Infra, Adani Ports, Ranbaxy Lab, Sun Pharma, Havells, Just Dial, DLF, Hindalco & Bharat Forge. Weak Futures This is list of 10 Weak FuturesReliance Com, Jai Prakash Associate, Union Bank, Unitech, GMR Infra, Apollo Tyres, Oriental Bank, Jai Prakash Power, Allahabad Bank & Andhra 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. ________________________________________________________________