Thursday, January 15, 2015

Outlook for 16th January 2015

Daily trend of the market is Up
Market has taken a sharp counter rally has come in uptrend, so the readers may create long positions in Nifty and hold them till the trend remains up
Percentage above support
Percentage of stocks above support is still 50%, so the readers who are holding longs in cash market may go on holding them till the percentage above support remains above 50%.
Strong Futures
This is list of 10 Strong Futures: UltraTech Cement, TVS Motors, Hindustan Unilever, SKS Micro, Indiabull Fin., India Cement, United Breweries, HDIL, Bosch & Ashok Leyland.
Weak Futures
This is list of 10 Weak Futures: Sesa Sterlite, JSW Steel, Hindalco, Rel Comm., Tata Steel, Hindustan Zinc, Glenmark Pharma, Jain Irrigation, Rel Capital & NMDC.
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