Monday, December 15, 2008

Outlook for 16th December 2008

Daily trend of the market is Up.
Our readers may be long in Nifty Futures bought at 2952 (approx.) on 11th December. Technically market is in uptrend and so as per the trend you may go on holding the longs till the trend remains in uptrend.

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Percentage above support
Percentage above support is now above 50% (today it is 61%) so we recommend to invest in deliveries at current level.
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Strong Futures
This is list of 10 Strong Futures: GE Ship, IFCI, Bindal Agro, Bajaj Hind, RNRL, HDIL, LITL, Nagar Const, NDTV & JP Associate..
Weak Futures
This is the list of 10 Weak Futures:J Stainless, Birla Jute, Satyam, Bhusan Steel, HCL Tech, Redington, Rolta, Bharat Forg, TCS & Finan Tech
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