Monday, February 01, 2010

Outlook for 2nd February 2010

Daily trend of the market is down
The market taking some counterrally but as overall trend os the market is still down, so the readers may stay away from the market and no not create long positions till the trend remains in downtrend.
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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,Triveni, Lupin, OBC, SunTV, BOB, Cummins Ind.,GTL Infra, Siemens & Asian Paint.
Weak Futures
This is the list of 10 Weak Futures: IOB,Orchid Chem, LT, ICSA, Prajind, IVRCL Infra, Aban, Sterlite, EKC & India Info.
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