Thursday, December 15, 2016

Outlook for 16th December 2016


Daily trend of the market is up
Market had come in uptrend on 8th December. So the readers who had created their longs in Nifty on 9th Dec may go on holding the longs till the trend remains up.

Percentage above support Percentage of stocks is still below 50%, so the readers who has quit their longs in cash market on 15th December may not create long positions till percentage above support remains below 50%.

Strong Futures
This is list of 10 Strong Futures: IFCI, ADANIPOWER, Indraprastha Gas , Tata Elxsi, JSWENERGY, Godrej Industries, BEML, ADANIENT, GRANULES INDIA and MindTree.
Weak Futures
This is list of 10 Weak Futures: Crompton Greaves, IBULHSGFIN, UltraTech, BHARAT FINANCIAL, Punjab National Bank, Sun Pharma, CASTROL, IDFCBANK, COALINDIA and KAVERI SEED

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