Wednesday, March 04, 2009

Outlook for 5th March 2009

Daily trend of the market is down.
The market has remained sideway today but as the trend of Indian stock market remains in downtrend, it is recommended that 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, Ultra Cemco, Maruti, Auro Pharma, Mphasis, TVS Motor, Century Textiles, Shree Cem, Ashok Ley & Grasim
Weak Futures
This is the list of 10 Weak Futures: Aban, Rolta, Syndicate Bank, NIIT, IOB, ICICI Bank, Indian Bank, Mah Life, Wock Pharma & Pantaloon.
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