Sunday, October 05, 2008

Outlook for Monday the 6th October 2008

Daily trend of the market is down.

The passing of US 700 bn dollar bail out could not bring the US markts up on Friday,so it is expected that the Indian Market also might also open weak on Monday and the next movement will be determined by the Asian Market. Overall trend of the world markets is down.

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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 Futuers
This is list of 10 Strong Futures: Bpcl, Tvs motor, hero Honda, Lupin, Hind petro, Hin uni lvr, Acc, Boi, Hdfc & Sun Pharma
Weak Futures
This is the list of 10 Weak Futures: Kpit, sobha, Hdil, Rajesh Exports, Niit, Skumar, Jsw steel, Aptech training & Bajaj Hind.

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