Thursday, January 08, 2015

Outlook for 8th January 2015

Daily trend of the market is down
Market is continuing with its fall. 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 has come below 50%, so the readers who had created long positions in cash market on 31st October may now quit them and do not create long positions in deliveries till the percentage above support remains below 50%.
Strong Futures
This is list of 10 Strong Futures: Ashok Leyland, United Breweries, TVS Motors, Adani Ports, LIC Housing, SKS Micro, Adani Enterprises, Exide Industries, Dish TV & Hind Unilever.
Weak Futures
This is list of 10 Weak Futures: IRB Infrastructure, Rel Comm., Rel Infra, Jain Irrigation, Biocon, Tata Steel, JSW Steel, Rel Capital, AmtekAuto & Glenmark Pharma...
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