Wednesday, February 25, 2009

Oulook for 26th February 2009

Daily trend of the market is down.
Indian Market tried to take a counter rally but it seems that due to clearing pressure, market could not go up.
As the market is in downtrend so it is recommended that till the trend remains in downtrend no buying positions should be created.
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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%
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Strong Futures
This is list of 10 Strong Futures: APIL, SRF, Tech Mahindra, Amtek Auto, Maruti, M&M, Ultra Cemco, Grasim, Shree Cem & Lupin
Weak Futures
This is the list of 10 Weak Futures: EKC, Aban, Mah Life, GDL, J&K Bank, Tulip, IOB, Indian Bank, Triveni & Pantaloon
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