Tuesday, July 22, 2014

Outlook for 23rd July 2014

Daily trend of the market is up
Market has broken its important resistance level and has come in uptrend. Now as the trend is up,so the readers may create long positions in nifty and hold them till the trend remains up.
Percentage above support
Percentage of stocks above support is still above 50%, so the readers may create long positions in cash market and hold them till the percentage above support remains more than 50%.
Strong Futures
This is list of 10 Strong Futures: IDFC, Just Dial, Century Tex, Apollo Hospital, Adani Ports, Hindalco, IRB, Ranbaxy, Sun Pharma & TCS.
Weak Futures
This is list of 10 Weak Futures: GMR Infra, Unitech, Reliance, Andhra Bank, IBrealest, Union Bank, NHPC, IDBI, Syndicate Bank & PFC
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