Thursday, October 23, 2008

Outlook for 24th October 2008

Watch our Analyst (Neera Jain) discuss various stocks at NDTV Profit on 24th Oct between 4 till 4.30 pm on Programme Tomorrow’s Picks



Daily trend of the market is down.

The fall in US Markets triggered a wave of fall in the Asian and European Markets. The Indian Markets tried to bounce and go higher but could not sustain when near 2 pm the European Markets started cutting their lows and the Indian Markets closed in negative.


While I am writing this, the Dow Futures are in the negative and if Dow closes bad today then we may see a negative opening tomorrow in the other world markets also.

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Percentage above support

Percentage above support is still below 50% (today it is 2%) 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: India bk, Gtl, Indian overseas, Hindunilvr, Sterling Biotech, Sydicate bk, Hotel leela, Pnb, Titan & Colgate palmoliv.

Weak Futures

This is the list of 10 Weak Futures: Jindalsteel, Essar, Jsw steel, Suzlon, Tisco, Welspun guj., Bajaj hind., Ivr prime, Ivrcl & Ndtv

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