Wednesday, January 28, 2009

Outlook for 29th January 2009

Daily trend of the market is Up.
The Indian Stock Markets took a smart short covering before the clearing day and wnet up sharply, though the main rally was in the futures stocks.
The positive futures US Futures supported the rally.
The trend of Nifty is up which shows that even the US and the world markets are likely to remain bullish. One can buy Nifty. Let us see whether US Markets also close strong following the Indian Market
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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: TV-18, Power Grid, Auro Pharma, Balram Chini, Polaris, Ultra Cemco,Cairn, Gt Offshore, NTPC & Renuka.
Weak Futures
This is the list of 10 Weak Futures: Satyam Comp, Aban, Divis Lab, PunjLloyd, EKC, Rolta, IVRCL Infra, DLF, Wel Guj & Gitanjali
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