Monday, March 23, 2009

Outlook for 24th March 2009

Daily trend of the market is up.
Today Nifty has closed above its resistance zone of 2900,so investors may be long in Nifty. So till the trend of the market remains in uptrend, the investors may go on holding their longs
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Percentage above support
Percentage of stocks above support is above 50% .Long term investors who bought deliveries on 20th March may go on holding the deliveries till the percentage above support remains above 50%
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Strong Futures
This is list of 10 Strong Futures: BRFL, India Info, Hindalco, Bata India, Kesoram Ind, Ster, Hind Zinc, SAIL, JP Associates & Nagar Const.
Weak Futures
This is the list of 10 Weak Futures: Alok Text, Rolta, Hind Petro, Glaxo, IOC, Hinduja Ven, BPCL, Allahabad Bank, Moser Baer & Network 18
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