Thursday, June 18, 2015

Outlook for 18th June 2015

Daily trend of the market is down
Market is taking a small counter rally. But as overall trend of the market is down, the readers who had quit their longs on 3rd June 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 posiitons in cash market on 3rd June may not buy till percentage above support remains less than 50%.

Strong Futures
This is list of 10 Strong Futures: Dish TV, Glenmark Pharma, Britannia Ind, Eicher Motors, Bajaj Finance, Engineers India, Bajaj Auto, Jubilant Food, Biocon & Rel Industries..
Weak Futures
This is list of 10 Weak Futures: JP Associates, Indiabulls Real Estate, Jindal Steel & Power, Adani Power, HDIL, Rel Power, JP Power, BOB, OBC & IFCI


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