Thursday, February 05, 2015

Outlook for 5th February 2015

Daily trend of the market is up
Market is taking a correction but is still in uptrend. 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: HDIL, Adani Enterprises, UPL, Wockhardt, HCL Tech., DLF, Siemens, Unitech, GMR Infra & Ranbaxy.
Weak Futures
This is list of 10 Weak Futures: OBC, PNB, BOB, UBI, Allahabad Bank, BOI, Crompton Greaves, UCO Bank, Havells India & Bajaj Auto.
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