Tuesday, January 13, 2009

Outlook for 14th January 2009

Daily trend of the market is Down.
Indian markets are volatile and are still in downtrend. Though they have taken a support near 2750- 2800, so it has to be seen whether the market bounces back after taking this support
Till Indian market does not come in uptrend again we do not wish to buy
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Percentage above support
Percentage of stocks above support is below 50% .So no investment in deliveries should be done till the percentage above support remains below 50% __________________________________________________________________
Strong Futures
This is list of 10 Strong Futures: ABB, Aban, ACC, Aditya Birla, Adlads Films, AIA Eng, AL BK, Alok Text, APIL & Ambuja Cem.
Weak Futures
This is the list of 10 Weak Futures: Zee, Yes Bk, Wockpharma, WWIL, Wipro, Wel Guj, Voltas, Vijay Bk, Uni Phos & Uni Tech.
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