Friday, December 26, 2014

Outlook for 26th December 2014

Daily trend of the market is down
Market is still in downtrend. So the readers who had quit their longs in 9th December may stay out of the market and do not create long positions 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: JSW Energy, SKS Micro, Oriental Bank, Sun TV, Canara Bank, Petronet, IGL, Union Bank, Ultra Tech & Strides Arcolab.
Weak Futures
This is list of 10 Weak Futures: Rel Comm., Amtek Auto, Jain Irrigation, Rel Infra, GMR Infra, DLF, JSW Steel, Tata Steel, Unitech & Biocon.
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