Wednesday, October 22, 2008

Outlook for 23rd October 2008

Watch our Analyst (Neera Jain) at NDTV Profit on 23rd Oct between 11.30 till 12.15 pm on Programme Buy/Sell

Daily trend of the market is down.
The negative Asian cues especially the big fall of Nikkei brought all the world markets down.. And the Indian Markets also could not remain unaffected from the world crisis. It seems that till the stability does not come in the International Market it would be tough to see a rally in the Indian Market. The strangest part is that US Dollar is going higher whereas the entire crisis epicenter is US.
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Percentage above support
Percentage above support is still below 50% (today it is 3%) 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: Iob, Tvsmotor, HindUniLvr, Indian bk, Gtl, Colgate palmoliv, Syndicate bk, Hotel leela, Sterlling Biotech & Indn. oil.
Weak Futures
This is the list of 10 Weak Futures: Welspun Guj, Financial Technol, Sterlite Technol, Aptech, Jsw steel, S kumar, Ivrcl infrast, Bajaj hind, Ndtv & Ivr prime urban.
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