Monday, November 10, 2008

Outlook for 11th November 2008

Daily trend of the market is down.
The package announced by China created a positive trigger for the world markets and all market closed in the positive. The rally was lead by the commodity stocks. If Nifty spot closes above 3200 on 11th November, then one may buy Nifty at closing.
_______________________________________________
Percentage above support
Percentage above support is still below 50% (today it is 33%) so we recommend that no delivery should be bought at current levels.
__________________________________________________________________
Strong Futures
This is list of 10 Strong Futures: GMR Infra, LITL, HTMT Global, Rajesh Expo, Hind Oil Exp, JP Associat, Pantaloon R, IVRCL Infra, Can bk & Edu comp
Weak Futures
This is the list of 10 Weak Futures: IVR Prime, Suzlon, SCI, Mahlife, Auro Pharma, Telco, Amtek Auto, J Stainless, Purva & Uni phos
_____________________________________________
Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
____________________ _____________________________________________

No comments: