Tuesday, October 06, 2009

Outlook for 7th October 2009

Daily trend of the market is up.
The market came near its major support of 4900 – 4950 and resumed its upward movement. 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: IOB, Rolta, DCHL, KFA, Ranbaxy, ICICI Bank, Jindal Saw, Lupin, Orchid Chem & Aurobindo Pharma
Weak Futures
This is the list of 10 Weak Futures: Idea, Bharti Airtel, TV-18, MTNL, Rcom, Grasim, Finance Tech, Suzlon, TTML & Unitech.
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