Tuesday, February 23, 2010

Outlook for 23rd February 2010

Daily trend of the market is up
The market is taking resistance at current levels but as the trend of the market is still up so the readers may go on holding their longs (bought on 17th February) 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: Glaxo, Siemens, Axis Bank, Titan, Sun Pharma, Mphasis, Hdfc Bank, Hindalco, Hero Honda & JSW Steel.
Weak Futures
This is the list of 10 Weak Futures: Bajaj Hind, Balrampur Chini, ICSA, FSL, EKC, DLF, GVKPIL, MLL, KFA & Suzlon.
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