Monday, March 23, 2015

Outlook for 24th March 2015

Daily trend of the market is down
Market is very volatile and moving down. So as overrall trend is still down, so the readers who had quit their longs on 12th March 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 is still below 50%, so the readers who had quit the longs in cash market on 12th March may not create any longs till the percentage above support remains less than 50%.
Strong Futures
This is list of 10 Strong Futures: Havells, Wockhardt, Lupin, Ranbaxy, IDEA, Strides Arcolab, Sun Pharma, Bharti Airtel, Bharat Forge & Just Dial.
Weak Futures
This is list of 10 Weak Futures: AmtekAuto, Indiabulls Real Estate, Jindal Steel & Power, BHEL, Adani Power, Arvind, IOB, JP Power, PTC India & Apollo Tyres.
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