Tuesday, November 25, 2008

Outlook for 26th November 2008

Daily trend of the market is down.
The market still remains bearish with a bout of volatility here and there. With a fall in Dollar Index, some buying could be seen in some commodity stocks but the clearing pressure of Thursday will remain on the market

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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: Sterlin Bio, IOC, TTML, Glaxo, Hind Petro, Andhra Bk, BPCL, GTL, NTPC & MTNL.
Weak Futures
This is the list of 10 Weak Futures: Tech Mahindra, Gitanjali, Jet Airways, Suzlon, HDIL, Matrix Labs, Amtek Auto, Ansal Infra, Purva & Unitech.
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