Monday, March 02, 2009

Outlook for 3rd March 2009

Watch our Analyst (Neera Jain) discuss various stocks at NDTV Profit on 3rd March between 11.30 am till 12.15 pm on Programme Buy/sell
Daily trend of the market is down.
The Indian stock market is very volatile and as the trend of market is still down, so it is recommended that till the trend remains in downtrend no buying positions should 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: Amtek Auto, APIL, Bharat Forg, Ashok Ley, Maruti, TVS Motor, Matrix Labs, M&M, Ultra Cemco & Mphasis
Weak Futures
This is the list of 10 Weak Futures: Aban, Syndicate Bank, Indian Bank, Pantaloon, Punj Lloyd, Gitanjali, Ranbaxy, Mah Life, ICICI Bank & Wel Guj.
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