Thursday, January 01, 2015

Outlook for 2nd January 2015

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: Andhra Bank,Exide Industries, TVS Motors, Adani Ports, SKS Micro, Strides Arcolab, IOB JSW Energy, Jindal Steel & Union Bank.
Weak Futures
This is list of 10 Weak Futures: Rel Comm., Jain Irrigation, Rel Infra, HDIL, Cairn India,ONGC, Tata Steel, Just Dial, Biocon & AmtekAuto.
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