Monday, October 13, 2008

Outlook for 14th October 2008

Don’t forget to watch your Analyst (Ms Neera Jain) tomorrow, 14th October on NDTV Profit at 11.30 till 12 noon.

Daily trend of the market is down.

Dow and Nasdaq Futures in the positive, the Asian Market started their day in positive and the FM speech also gave confidence to the Indian Markets to take a sharp rally and close near their highs. The European Markets were also trading near their highs and the Dow and nasdaq Futures were more than 4.5 % up when the Indian Markets closed.

On the Candlestick Chart which are seen for the short term movements, the Sensex has formed a morning star on the daily charts and Nifty has formed an engulfing bullish pattern which may probably take the markets higher

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Percentage above support
Percentage above support is still below 50% (today it is 5%) so we recommend that no delivery should be bought at current levels.
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Strong Futures
This is list of 10 Strong Futures: Mosear Baer, maruti, Bob, Sbin, Ubi, Indian bk, Bharat petro, Ntpc, Obc & Pnb.

Weak Futures
This is the list of 10 Weak Futures:Bombay Dyein, India infoline, Aban, Peninsula land, Nagarjuna Constr, HDIL, Ivr prime,Welspun Guj St, Bajaj Hind & Niit.
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