Friday, December 12, 2014

Outlook for 12th December 2014

Daily trend of the market is down
Market has come in downtrend so the readers who had been holding longs in nifty since 31st Oct, may quit them and remain out of the market till the trend remains down
Percentage above support
Percentage of stocks above support is still above 50%, so the readers who had created long positions in cash market on 31st October may go on holding them till the percentage above support remains more than 50%.
Strong Futures
This is list of 10 Strong Futures: MRF, Sun TV, LIC Housing, JSW Energy, PNB, Allahabad Bank, Kotak Bank, Mahindra Bank, ITC & Indian Paints.
Weak Futures
This is list of 10 Weak Futures: India Cement, HDIL, JP Associate, Bharti Airtel, Reliance Comm, Tata Steel, Just Dial, Reliance Infra, India Bulls & Real Estate.
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