Tuesday, January 27, 2009

Outlook for 28th January 2009

Daily trend of the market is Down.
Today the markets had gone up due to heavy short covering
Over all trend of the market still remains down. So let us be cautious and not create any buying positions at current level
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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: Visual Soft, Power Grid, NTPC, AuroPharma, Polaris, Hero Honda, Infosys Tech, Cipla,GMR Infra & Reliance.
Weak Futures
This is the list of 10 Weak Futures: Satyam Comp, Divis Lab, Punj Lloyd, IVRCL Infra, Zeel, Orient Bank, PNB, Tata Steel,LT & Hindalco.
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