Monday, August 11, 2014

Outlook for 12th August 2014

Daily trend of the market is down
Market is trying to taking a counter rally. But as overall trend is down, so the readers who had quit their longs on 4th August may stay out of the market and do not create nay longs positions 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 in 4th august, may stay out of the market and do not create long positons in cash market till the percentage above support remains less than 50%.
Strong Futures
This is list of 10 Strong Futures: Justdail,M&M, aurobindo Pharma, IDea, Adinient,Bharat Forge,Infy,Ofss,Bhari and Glenmark.
Weak Futures
This is list of 10 Weak Futures: Ibrealest, IDBI, JP Power,Syndicate Bank,Gail,Andhra Bank,RPower,Jubl Foos,GMR Infra and Tata Power
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