Sunday, February 15, 2009

Outlook for 16th February 2009

Daily trend of the market is Up.
On Monday the interim Budget is going on come.
The US markets are still under pressure, so it is better to be cautious. But as the trend of the market is still up, so the readers may go on holding their longs in Nifty and deliveries till the trend of the market remains in uptrend.
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Percentage above support
Percentage of stocks above support is now above 50% .So one can go long in deliveries and hold till the the percentage above support remains above 50%
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Strong Futures
This is list of 10 Strong Futures WWIL, Renuka, APIL, India Info, ACC, Jindal Steel, Shree Cem, Edu Comp, IDEA & Balrampur
Weak Futures
This is the list of 10 Weak Futures: GDL, Aban, DLF, Punj Lloyd, HDIL, Yes Bank, Jindal Saw, Tulip, Omaxe & Patni Comp
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