Wednesday, November 05, 2008

Outlook for 6th November 2008

Daily trend of the market is down.
We had been mentioning the trend to be down as we were waiting for this one correction which has come today. Now if the Indian Markets are able to close above today’s correction, then only we would treat trend to be up, till then we wait.

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Percentage above support
Percentage above support is still below 50% (today it is 15%) 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: Educomp, Rajesh Expo, IDFC, Hindujaven, Dabur, Divis Lab, GTL, LITL, Bhushan Steet & HCC
Weak Futures
This is the list of 10 Weak Futures: IVRPrime, Nucleus, Unitech, Gitanjali, Auro Pharma, Suzlon, National Alum, Jindal Stainless, Purva & Uni Phos
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