Thursday, December 18, 2008

Outlook for 19th December 2008

Daily trend of the market is Up.
Today the market has closed above the psychological level of 10000 Sensex and 3000 Nifty. One may go on holding the longs till the trend does not change to down

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Percentage above support
Percentage above support came above 50% on 15th December, so we assume that the readers might have bought deliveries on 16th December when nifty opened at around 2970 and will be holding them. We plan to go on holding them till percentage does not comes down below 50%
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Strong Futures
This is list of 10 Strong Futures: Bindalagro, HDIL, Bajaj Hind, Pateleng, Ambuja Cem, ICICI Bank, Edu Comp, Neyveli, Indian infoline & Shree Cem
Weak Futures
This is the list of 10 Weak Futures: J Stainless, Satyam, Birla Jute, Bhushan Steel, Roltas, Jindal Saw, Redington, BRFL, G T Offshore & Voltas
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