Wednesday, December 10, 2008

Outlook for 11th December 2008

Daily trend of the market is Up.
Nifty has closed above the technical level of 2800, which has triggered a buy signal for the Nifty Index. One may create buying positions in the market.

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Percentage above support
Percentage above support is still below 50% (today it is 40%) 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: NDTV, Nagar Const, Tisco, IDFC, DLF, Jindal Steel, Ambuja Cement, Escort, LITL & LIC
Weak Futures
This is the list of 10 Weak Futures: Jindal Saw, Great Offshore, BRFL, Havells, Tulip, Ansal Infra, Rolta, Purva, Redington & Bhushan Steel
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