Tuesday, November 18, 2008

Outlook for 19th November 2008

Daily trend of the market is down.
Indian Markets are still downtrend and also the USA markets are not able to go up. All the more the US Dollar index is unable to fall. All this are giving more negative signals. Till Nifty index is not able to close above 3200 we are not interested in buying
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Percentage above support
Percentage above support is still below 50% (today it is 8%) 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, GTL, Rolta, Union Bank, Glaxo, Hind Zinc, MTNL, Divis Lab & Sterlin Bio..
Weak Futures
This is the list of 10 Weak Futures: Ansal Infra, SAIL, Niit Ltd., Suzlon, Gitanjali, Uni Tech, Purva, Uni Phos, Matrix Lab & Amtek Auto.
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