Tuesday, December 29, 2009

Outlook for 30th December 2009

Daily trend of the market is Up
Today the market has been able to close above its important level and now has come in uptrend . So the readers may create long positions in Nifty and hold the long positions till market remains in uptrend
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Percentage above support
Percentage of stocks above support are still above 50%, and also the market is now in uptrend so the readers may create long positions in deliveries and hold them till percentage of stocks above support remains more then 50%.
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Strong Futures
This is list of 10 Strong Futures: Hindalco, Sail Ltd, Suzlon, Tata Motors, Tata Steel, Ispat Industries, Sintex, BEML, Sesa Goa & NTPC.
Weak Futures
This is the list of 10 Weak Futures: Andhra Bank, JP Associates, Tata Comm, Colpal, Corporation Bank, Ashok Ley, Unitech, Pir Health, IDFC & FSL

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