Tuesday, February 16, 2010

Outlook for 17th February 2010

Daily trend of the market is up
Today the market has closed above its major resistance level, so the readers may create long positions in Nifty and hold them till the trend remains in uptrend.
___________________________________________________________
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%.
________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: Titan, India Cement, Ambuja Cement, Jindal Saw, BEL, GTL Infra, Bhushan Steel, Siemens, Mphasis & Chambal Fert.
Weak Futures
This is the list of 10 Weak Futures: IOB, EKC, DLF, Tata Comm, Bank Of India, Recltd, Renuka, ICSA, Bajaj Hind & Bharti Airtel.
_________________________________________________________________
Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
________________________________________________________________

No comments: