Tuesday, March 17, 2009

Outlook for 18th March 2009

Daily trend of the market is down.
The market seems to have stalled the rally and next global cues will determine the movement of the market. If Nifty index is able to close decisively above 2800 then only the short term trend of the market will come in uptrend
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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, Matrix Labs, Ster, Mphasis, National Alum, Edu Comp, Biocon & Bharat Forge.
Weak Futures
This is the list of 10 Weak Futures: Rolta, Ranbaxy, Triveni, Alok Text, Aban, A Birla Nuvo, EKC, HTMT Global, Yes Bank & IOB.
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