Thursday, September 04, 2014

Outlook for 5th September 2014

Daily trend of the market is Up
Market is moving in a sideways zone but over all trend is still up. So the readers who had created longs in Nifty on 18th august may go on holding them till the trend remains in uptend
Percentage above support
Percentage of stocks above support is still 50%, so the readers who have created long positions in cash market may go on holding them till the percentage above support remains more than 50%.
Strong Futures
This is list of 10 Strong Futures: Arvind, Cipla, Apollo Tyre, Yes Bank, Bharat Forg, Tata Motors, IOC, Voltas, MRF and BPCL
Weak Futures
This is list of 10 Weak Futures: JP Associates, Unitech, JP Power, JIndal Steel,DLF, R Power, R Com, IDBI, UCO Bank and Syndicate Bank.
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