Daily Newsletter giving a quick update on the stock market and a few 'Golden Words' of advice. Do leave your comments on the post for a better discussion. Also give us your suggestions through Contact Us Form.
Saturday, July 12, 2014
Outlook for 14th July 2014
Daily trend of the market is down
Market is continuing with its fall. So the readers who have quit the longs on 11th July may stay out of the market and do not create any long positions in Nifty till the trend remains down.
Percentage above support
Percentage of stocks above support is still below 50%, so the readers who had quit the longs positions in cash market on 11th July, may stay away form the market and do not create positions in deliveries till the percentage above support remains below 50% .
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Strong Futures
This is list of 10 Strong Futures: Ranbaxy Lab, Sun Pharma, IDFC, IRB Infra, Havells India, Dr. Reddy Lab, Just Dial, Bharat Forge, Apollo Hospital & Hind Uni Lvr.
Weak Futures
This is list of 10 Weak Futures: Unitech, GMR Infra, Jai Prakash Power, Union Bank, Jai Prakash Associate, Andhra Bank, IDBI Bank, India Bull Rea, Reliance Com & Jain Irrigation.
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