Monday, February 15, 2010

Outlook for 16th February 2010

Daily trend of the market is down
The market is trading at its reisistance and it may remain sideways and consolidate at surrent levels . And as the trend of the market is still down so it is advisable that the readers may stay away from the market and do not create long positions.
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Percentage above support
Percentage of stocks above support are below 50%, so it is advisable that the readers do not create fresh long positions in cash market till percentage of stocks above support remains less then 50%.
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Strong Futures
This is list of 10 Strong Futures: Titan, Chennai Petro, Lupin, Hero Honda Bhushan Steel, Bajaj Auto, Jindal Saw, India Cement, Chambal Fert & BRFL.
Weak Futures
This is the list of 10 Weak Futures: Baja Hind, Renuka, ICSA, DLF, Ranbaxy, Bharti Airtel, Recltd, Tata Comm, GMR Infra & National Alum.
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