Sunday, March 22, 2009

23rd March 2009

Daily trend of the market is up.
The trend of the market is up, but Nifty is still unable to break its resistance zone of 2900.So it is still better to remain cautious at current levels.
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Percentage above support
Percentage of stocks above support is now above 50% .So long term investors may start investing in techinically good stocks and hold the investment in deliveries till the percentage above support remains above 50%
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Strong Futures
This is list of 10 Strong Futures: BRFL, Bata India, Ster, Finan Tech, KPIT, Hind Zinc, Matrix Labs, Hindalco, GMR Infra & JP Associates.
Weak Futures
This is the list of 10 Weak Futures: Alok Text, Rolta, Indian Bank, Ranbaxy, Hind Petro, Triveni, BPCL, Allahabad Bank, Moser Baer & Yes Bank
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