Tuesday, February 03, 2009

Outlook for 4th February 2009

Daily trend of the market is Up.
The Indian Stock Market is unable to come out of its sideways consolidations zone. The world markets bearishness are pulling the markets down.
Till Dollar Index do not fall the markets will not be able to come out of the negative zone
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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: Polaris, Balram Chini, BEL, Edelweiss, GT Offshore, Jindal Steel, Triveni, Renuka, Maruti & Reliance
Weak Futures
This is the list of 10 Weak Futures: DLF, Wel Guj, Punj Lloyd, HDIL, ABAN, Mah Life, Divis Lab, Gitanjali, Suzlon & Voltas
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