Wednesday, February 24, 2010

Outlook for 24th February 2010

Daily trend of the market is up
As the budget is approaching, so it is expected that volatility will increase in the market. So it is better to let the budget and the clearing to be over before creating fresh positions in the market..
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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, JSW Steel, Orient Bank, Mcdowell-N, Titan, Hdfc Bank, Hindalco, HCL Tech & Aurobindo Ph.
Weak Futures
This is the list of 10 Weak Futures: Bajaj Hind, FSL, ICSA, EKC, Dish TV, Polaris Software, DLF, Balrampur Chini, Renuka & Suzlon.
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