Wednesday, December 03, 2008

Outlook for 4th December 2008

Daily trend of the market is down.
Market is moving in a sideways consolidation zone. We are waiting for the market to come in uptrend before we create any long position
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Percentage above support
Percentage above support is still below 50% (today it is 12%) 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: Sun TV, Andhra Bank, Dr.Reddy, IVRCL Infra, CESC, BPCL, Glaxo, Hind Petro, TTML & LIC Hous. Fin
Weak Futures
This is the list of 10 Weak Futures: M&M, Tulip, Voltas, Havells, Suzlon, BRFL, Bhushan Steel, Ansal Infra, Unitech & Purva.
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