Monday, November 17, 2008

Outlook for 18th November 2008

Daily trend of the market is down.
Markets were on the negative after no concrete material came out of the G20 summit. Let us see if US markets are able to bring out some miracle out of the hat and move up. Till then it is in downtrend only.
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Percentage above support
Percentage above support is still below 50% (today it is 10%) 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: TTML, Hind Petro, Hind Zinc, Mtnl, Colpal, Gtl, Ioc, Divislab, Bhushan Stl & Sterlin Bio.
Weak Futures
This is the list of 10 Weak Futures: NDTV, Tata Steel, Tata Motors, Uni Tech, Matrix Labs, Gitanjali, Jstainless, Purva, Uniphos & Amtek Auto.
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