Outlook for 17th July 2014

Daily trend of the market is down Market is continuing with its counter rally and is very near its first resistance. But as overall 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 above 50%, but is is still advisable for the readers to wait for the market to come in uptrend before creatinge long poisitons. Strong Futures This is list of 10 Strong Futures: IRB, Bharat Forge, Adani Ports, Hindalco, Havells, Just Dial, Apollo Hospital, Ranbaxy, Sun Pharma & Cologate Palmolive. Weak Futures This is list of 10 Weak Futures: GMR Infra, Unitech, PFC, IBrealest, Union Bank, Oriental Bank, Andhra Bank, IDBI, Allahabad Bank & IDBI.. _________________________________________________________________ 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. ________________________________________________________________