Monday, March 16, 2009

Outlook for 17th March 2009

Daily trend of the market is down.
The market is taking a strong counterally but as the trend of the market is still down, so it is recommended that no buying positions be created
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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, M&M, Tata Motors, National Alum, Mphasis, TVS Motor, JP Associates, Edu Comp, Sterlite & Escorts.
Weak Futures
This is the list of 10 Weak Futures: Rolta, Aban, Triveni, Indian Bank, EKC, Ranbaxy, Yes Bank, Patel Eng, Moser Baer & Tata Chem.
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