Thursday, January 01, 2009

Outlook for 2nd January 2009

Daily trend of the market is Up.
The trend of market is still up, so we assume that the readers might be long in Nifty Futures bought at 2989 (approximately) on 1st January. You may go on holding the same till the trend remains in uptrend
If Nifty spot closes below 2900 again then it will become negative for the market.
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Percentage above support
Percentage above support are above 50% .So readers may be long in deliveries bought on 1st of January 2009. Go on holding the deliveries till the percentage above support remains above 50% __________________________________________________________________
Strong Futures
This is list of 10 Strong Futures: 3I infotech, Aban, ABB, ACC, Aditya Birla, Adlabs Films, AIA Eng., Allahabad bank, Alok Text & Alstom Projects.
Weak Futures
This is the list of 10 Weak Futures: Zeel, yes bank, Wockhard, WWIL, Wipro, Wel Guj, Voltas, Vijaya Bank, Uni Phos & Uni tech
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