Wednesday, November 11, 2009

Outlook for 12th November 2009

Daily trend of the market is down.
Weakening of Dollar index is taking the stock market up. But the readers may wait for the market t come in uptrend before creating long positions in Nifty _____________________________________________
Percentage above support
Percentage of stocks above support now above 50%, so readers may create long positions in deliveries and hold them till the percentage remains above 50%
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Strong Futures
This is list of 10 Strong Futures: Ashok Ashok Ley, Yes Bank, Neyveli Lignite, Sesa Goa, Mphasis, Dr Reddy, India Hotels, M&M, Crompton Greaves & Lic house
Weak Futures
This is the list of 10 Weak Futures: RCom, Adlabs Film, EKC, Tata Comm, Idea, Suzlon, Aban Off shore, GMR Infra, TTML & Bharti Airtel
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