Friday, January 23, 2015

Outlook for 23rd January 2015

Daily trend of the market is up
Market is conintuing its uptrend movement. 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 FuturesThe India Cements, Indiabull Fin.,United Breweries,Hindustan Unilever,UltraTech Cement,Axis Bank, Ashok Leyland, HDFC Ltd.,Dish TV & Yes Bank.
Weak Futures
This is list of 10 Weak Futures: M&M Fin., Petronet, Rel Infra,Mcleod Russel India, Hero MotoCorp,Hindalco Ind , JSW Steel, Jain Irrigation,PFC & Rel Capital.
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