Thursday, November 19, 2009

Outlook for 20th November 2009

Daily trend of the market is down.
Market has taken resistance at 5050 level and started to come down. And as the trend of the market is still down on daily charts, so it is advisable not to create any long positions in Nifty.
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Percentage above support
Percentage of stocks above support now above 50%, so readers who had created long positions in deliveries on 12th November may go on holding them till the percentage remains above 50%
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Strong Futures
This is list of 10 Strong Futures: Sesa Goa, Jindal Saw Steel, McDowell-N, PFC, Hind Zinc, MLL, Orient Bank, Tata Motors, IDFC & Recltd..
Weak Futures
This is the list of 10 Weak Futures: EKC, Tata Comm, TTML, India Cement, ICSA, Unitech, Idea, Bharti Airtel, GMR Infra & Punj Lloyd
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