Tuesday, October 28, 2008

Outlook for 29th October 2008

Daily trend of the market is down.
We had mentioned yesterday, that markets may start recovering as technically markets are heavily oversold. We can expect some up and down movements for some days before a clear buy signal emerges. Till then we wait as overall trend of the market is still down.
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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: :GTL, Colpal, Hoteleela, Titan, Lupin, GDL, Satyamcomp, Chamblfert, Sterlinbio & infoystch
Weak Futures
This is the list of 10 Weak Futures: Tatamotors, Jetairways, Aban, Jstainless, Ivrprime, Nationalum, Unitech, Purva, Suzlon & Ivrclinfra.
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