Wednesday, December 31, 2008

Outlook for 1st January 2009

Daily trend of the market is Up.
Happy New year to all.
The trend of market is still up, so the readers might be long in Nifty Futures and also in deliveries. We plan to go on holding the same till the trend remains in uptrend
If Nifty spot closes below 2900 again then it will become negative for the market.
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Percentage above support
Percentage above support are above 50% .So readers may be long in deliveries bought on 31st December
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Strong Futures
This is list of 10 Strong Futures: Bajaj Hind, NDTV, Matrix Lab, Auro Pharma, Renuka, Jet Airways, Aptech, Triveni, Balram Chini & GMR Infra.
Weak Futures
This is the list of 10 Weak Futures: Bhushan Steel, Rolta, Jindal Saw, Finan tech, Aban, TVS Motor, HCL Tech, Satyam, GT Offshore & Sterlin Bio
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