Monday, December 01, 2008

Outlook for 2nd December 2008

Daily trend of the market is down.
The market is bearish and becomes volatile every now and then.We will have to wait till market comes in uptrend before creating any long positions
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Percentage above support
Percentage above support is still below 50% (today it is 11%) 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: Andhra Bank, BPCL, TTML, TCS, IOC, Dr.Reddy ,Glaxo, Dabur, Network 18 , NTPC
Weak Futures
This is the list of 10 Weak Futures: Jet Airways, Bhushan Steel, HDIL, Bombay Rayon Fas, Havells, Suzlon, Ansal Infra, Unitech & Purava.
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