Monday, January 12, 2015

Outlook for 13th January 2015

Daily trend of the market is down
Market is still continuing with its counerrally. But as overall trend is still down, so the readers who had quit their longs in Nifty on 7th January may stay out of 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 long positions in cash market on 8th January may not create long positions in deliveries till the percentage above support remains below 50%.
Strong Futures
This is list of 10 Strong Futures: Hind Unilever, TVS Motors, Ashok Leyland, SKS Micro, United Breweries, Kotak Mahindra Bank, Bharat Forge, CESC, Adani Enterprises & Indiabull Fin.
Weak Futures
This is list of 10 Weak Futures: Rel Comm., Jain Irrigation, JSW Steel, Rel Infra, NMDC, Bajaj Auto, Glenmark Pharma, Sesa Sterlite, Rel Industries & Rel Capital..
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