Sunday, March 15, 2009

Outlook for 16th March 2009

Daily trend of the market is down.
The strong counterally in the world markets during the last week has given some signs of hope but let us see how the markets react the coming week. The movement of this week would be quite crucial as there is FED meet as well as triple witching on Friday in US, which will make the markets very volatile
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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: BRFL, Tata Motors, Mphasis, Amtek Auto, M&M, Century Textiles, Shree Cem, Grasim, Sterlite & National Alum.
Weak Futures
This is the list of 10 Weak Futures: Rolta, Aban, Indian Bank, Ranbaxy, Triveni, Syndicate Bank, MoserBaer, Yes Bank, Patel Eng & Gitanjali.
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