Tuesday, April 07, 2015

Outlook for 7th April 2015

Daily trend of the market is up
Market has broken its resistance and has come in uptrend. So the readers may create long positions in Nifty and hold them till the trend remains up.
Percentage above support
Percentage of stocks above support is above 50%, so the readers may create long positions in cash market and hold the longs till the percentage above support remains more than 50%.
Strong Futures
This is list of 10 Strong Futures: HDIL, Century Textiles, Sun Pharma, Strides Arcolab, Aurobindo Pharma, IDEA, Lupin, Hexaware, Ranbaxy & Biocon.
Weak Futures
This is list of 10 Weak Futures: OBC, Jindal Steel & Power, TVS Motor, PNB, Rel Comm., JP Power, Syndicate Bank, UBI, BHEL & IOB.
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