Monday, November 24, 2008

Outlook for 25th November 2008

Daily trend of the market is down.
Market is moving in a sideways consolidation zone. We are waiting for the market to give a long term buy signal. Till Nifty spot does not close above 3200 we cannot buy.

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Percentage above support
Percentage above support is still below 50% (today it is 9%) 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 Petro, IOC,TTML, Sterlin Boi, Glaxo, BPCL, NTPC, GTL, Power Grid & ITC.
Weak Futures
This is the list of 10 Weak Futures: JSW Steel, Parsvnath, Matrix Labs, Birla Jute, Orchid Chem, Ansal Infra, Amtek Auto, Purva, Unitech & J Stainless.
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