Thursday, September 03, 2009

Outlook for 4th September 2009

Daily trend of the market is up.
Today the market gave us the much needed correction, let us hope that now market starts to move up again. So as the daily trend is still up so the readers who have created long positions in Nifty 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: Aban Off shore, Bhushan Steel, Mphasis, DCHL, Chennai Petro, Tata Motors, Unitech Ltd, Oracle Fin Serv, Rcom & ICSA
Weak Futures
This is the list of 10 Weak Futures: ACC Ltd, Tata Steel, Dr Reddy, India Cements, Sesa Goa Ltd, Power Grid, Reliance, KFA, MLL & Mtnl Ltd.
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