Tuesday, October 21, 2008

Outlook for 22nd October 2007

Watch our Analyst (Neera Jain) discussing stocks at Zee Business on 22ndth Oct between 1 pm till 2 Pm

Daily trend of the market is down.
It seems that that the Indian Market is taking positive cues from the global cues. Yesterday’s Dow Jones Utility Index gain gave a strong confidence to the Asian Markets like Nikkei and Indian Market. But expect the rally to be more sideways with a constant doze of volatility
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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 at current levels.
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Strong Futures
This is list of 10 Strong Futures: Mphasis, Dr.reddy, Hind uni lvr, Tvs motor, Gtl, Bob, Satyam & Syndicate bk.
Weak Futures
This is the list of 10 Weak Futures: Nagarjuna constr, Patel eng, Welspun, Aptech, S kumar, Jsw steel, Sterlite technol, Baja hind, IVR prime & NDTV.
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