Monday, December 29, 2008

Outlook for 29th December 2008

Daily trend of the market is Up.
Our Indian market is unable to go up.On Friday Nifty spot has closed below 2900 Nifty spot, so we assume that the readers have quit their long positions created previously on 11th December.
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Percentage above support
Percentage above support came above 50% on 15th December but on 26th December it has again come below 50%. We recommend to quit the previously bought deliveries and do not invest fresh in the market till the percentage above support remains below 50% __________________________________________________________________
Strong Futures
This is list of 10 Strong Futures: Matrix Labs, Bajaj Hind, Jet Airways, Patel Eng, Aptech Training, Hind Petro, Auro Pharma, Renuka, Amtek Auto & Purva
Weak Futures
This is the list of 10 Weak Futures: Satyam, Jindal Stainless, Roltas, Bhushan Steel, Birla Crop, Hotal Leela, Jindal Saw, Redington, HCL Tech & GT Offshore.
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