Thursday, November 06, 2008

Outlook for 7th november 2008

Daily trend of the market is down.
Bank of England has cut its interest rate by 1.5% which shows that overall markets are bad. Let nifty close above 3200, then only we can think of buying.

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Percentage above support
Percentage above support is still below 50% (today it is 11%) 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: Rajesh Expo, Hinduja Ven, Divis Lab, GTL, Dabur, Bhusan Steel, Union Bk, Can Bk, Hind Uni Lvr & BHEL
Weak Futures
This is the list of 10 Weak Futures: Suzlon, Amtek Auto, Telco, Unitech, Ivr Prime, National Alum, Jindal Stainless, Purva, Auro Pharma & Uni Phos
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