Outlook for 16th July 2014

Daily trend of the market is down Market is taking a counter rally but over all trend is still down. 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% . ______________________________________ __ Strong Futures This is list of 10 Strong Futures: Bharat Forge, Just Dial, Ranbaxy, Sun Pharma, Havells, IRB, Adani Ports, Colgate Palmolive, Hindalco & Reliance Infra. Weak Futures This is list of 10 Weak Futures: GMR Infra, Unitech, Jai Prakash Power, Jai Prakash Associate, IBrealest, Union Bank, Jindal Steel, Andhra Bank, M&M FIn & SAIL.. _________________________________________________________________ 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. ________________________________________________________________