Sunday, March 08, 2009

Outlook for 9th March 2009

Daily trend of the market is down.
As the market is in downtrend, 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, Mphasis, Ultra Cemco, TVS Motor, BRFL, Hind Zinc, Auro Pharma, Cipla, Matrix Lab & M&M.
Weak Futures
This is the list of 10 Weak Futures: Rolta, Aban, Indian Bank, Ranbaxy, Syndicate Bank, EKC, Gitanjali, Yes Bank, ICICI Bank & Tata Chem..
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