Friday, October 17, 2014

Outlook for 17th October2014

Daily trend of the market is down
Market is falling down but may take support at current level and give a smmal counter rally. But as overall trend is still in downtrend, the readers who had quit their longs on 25th September may stay out the market and do not create any long positions till the trend remains down
Percentage above support
Percentage of stocks above support is still below 50%, so the readers who had quit their holding in cash market on 25th September may not create longs in deliveries till the percentage above support remains less than 50%.
Strong Futures
This is list of 10 Strong Futures: Indusind Bank, Tvs Motors, Infosys, Ashok Ley, Federal Bank, LIC Housing, Colgate Palmolive, Hindustan Petro, Bajaj Auto & Steel Authority
Weak Futures
This is list of 10 Weak Futures: DLF, Jindal Steel, Unitech, JP Associates, Reliance Infra, Housing Development, Tata Motors, Mcleod Russel, JP Power & SESA.
_________________________________________________________________
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. ________________________________________________________________

No comments: