Thursday, February 18, 2010

Outlook for 19th February 2010

Daily trend of the market is up
The trend of the market is still up, so the readers who are long in Nifty (bought on 17th February), may hold their longs till the trend remains in uptrend.
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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, Chambal Fert, Nagarjuna Fertil, Siemens, Bank of Baroda, Axis Bank, Bhushan Steel, Jindal Saw, Cummins India & Indusind Bank.
Weak Futures
This is the list of 10 Weak Futures: Bajaj Hind, Suzlon, Recltd, ICSA, Balrampur Chini, Renuka, DLF, Praj Ind, Bharti Airtel & GMR Infra.
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