Thursday, March 12, 2009

Outlook for 13th March 2009

Daily trend of the market is down.
The market is trying to take a rally but is still very volatile and as the market is in downtrend, it is recommended that till the trend remains in downtrend no buying positions should be created.
______________________________________________
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: BRFL, Amtek Auto, Mphasis, Shree Cem, M&M, Escorts, Maruti, Hero Honda, Ashok Ley & Century Textiles.
Weak Futures
This is the list of 10 Weak Futures: Rolta, Aban, Indian Bank, Ranbaxy, Syndicate Bank, EKC, WelGuj, Triveni, Tata Chem & MoserBaer
_____________________________________________
Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
__________________________________________________________________

No comments: