Thursday, January 22, 2015

Outlook for 22nd January 2015

Daily trend of the market is up
Market is moving is a good uptrend mode. So the readers who had created long positions in Nifty on 16th January may go on holding 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: Indiabull Fin., The India Cements, Ashok Leyland, Hindustan Unilever, HDFC Ltd, UltraTech Cement, Yes Bank, Sun TV, Bata India & JSW Energy.
Weak Futures
This is list of 10 Weak Futures: M&M Fin., Mcleod Russel India, Hindalco Ind, Rel Infra, Petronet, Sesa Sterlite, GMR Infra, Jain Irrigation ,ITC & Hero MotoCorp.
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