Tuesday, September 30, 2008

Analysis of Indian Stock Market for October 1, 2008

Daily trend of the market is down.

Markets took a sharp fall in opening trades in Asia but later recovered and closed in postive also. Even Europe which opened weak, was performing better than what was expected. It seems that the package of $700 B might see the light again. Let us wait with crossed fingers and see what happens

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Percentage above support
Percentage above support is still below 50% (today it is 7%) so we recommend that no delivery should be bought current levels
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Strong Futuers
This is list of 10 Strong Futures: Bharat Petro,Hind.Petrol,Hero Honda,Axis Bk Ltd,Syndicate Bk,Hindustan UniLev,Acc Ltd,Bk of India,Indian Bk,Dabur India.
Weak Futures
This is the list of 10 Weak Futures: Lanco Infratech,Nucleus,Kpit Ltd,Bajaj Hind,Aptech Training,S Kumars Syn,Rajesh Exports,Hinduja Ventures,Housing Dev& In,Ranbaxy Labs.

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