Monday, June 22, 2015

Outlook for 22nd June 2015

Daily trend of the market is up
Market has broken its resistance and has come in uptrend. So the readers who had quit their longs on 3rd June may now again buy and hold the longs till the trend remains up.

Percentage above support Percentage of stocks above support is now above 50%, so the readers who had quit the longs positions in cash market on 3rd June may now again buy and hold the longsnot buy till percentage above support remains less than 50%.

Strong Futures
This is list of 10 Strong Futures: Bajaj Finance, Glenmark Pharma, Rel Industries, Engineers India, HPCL, IOC, Eicher Motors, Dish TV, LIC Housing Finance & M&M..
Weak Futures
This is list of 10 Weak Futures: Adani Power, Jindal Steel & Power, Indiabulls Real Estate, JP Associates, HDIL, Rel Power, DLF, BOB, Rel Infra & Tata Motors


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