Thursday, November 13, 2008

Outlok for 14th November 2008

Daily trend of the market is down.
Our Market was closed on 13th November. The international markets were all gloomy and their negativity might be reflected in our markets further. Till Nifty does not close above 3200, we do not wish to buy.
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Percentage above support
Percentage above support is still below 50% (today it is 16%) 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: Hind Zinc, TTML, Union Bk, LITL, GTL, HMT Global, Bhushan Steel, Dabur, Bank of India & IDFC
Weak Futures
This is the list of 10 Weak Futures: Tata Steel, NDTV, Sterlite Tech, Mah life, IVR prime, Amtek Auto, Telco, Suzlon, Purva & Uni Phos.
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