Tuesday, October 13, 2009

Outlook for 14th October 2009

Daily trend of the market is up.
Market has take a very good support at 4900 levels and has restarted going up, so as the daily trend is still up, 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: DCHL, OFSS, IOB, Bajaj Auto, Lupin, Canara Bank, Sesa Goa, Titan, Indian Bank & LITL.
Weak Futures
This is the list of 10 Weak Futures: Idea, RCom, Bharti Airtel, TV-18, Grasim, MTNL, Federal Bank, Suzlon, GVKPIL & HCL Tech
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