Tuesday, September 15, 2009

Outlook for 16th September 2009

Daily trend of the market is up.
The market is going up steadily without giving us the correction, and as the daily trend is still up, so the readers who are holding their longs in Nifty (bought on 25th August) may go on holding the long positions till the trend remains in uptrend.
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Percentage above support
Percentage of stocks above support is above 50% , so the readers who have invested in deliveries may go on holding them till the percentage of stocks above support remains more than 50%. __________________________________________________________________
Strong Futures
This is list of 10 Strong Futures: Jindal Saw, IOB, Allahabad Bank, Orient Bank, Bhushan steel, Indian Bank, Bank Of India, Chennai Petro, Dena Bank & Sesa Goa Ltd
Weak Futures
This is the list of 10 Weak Futures: Container Co, IDEA, India Cements, FinanTech, Triveni, ACC, PTC, BEL, Hind Uni Lvr & Ultratech Cemco..
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