Sunday, February 07, 2010

Outlook for 8th February 2010

Daily trend of the market is down
Market has become oversold at current levels and a small bounce back is expected, but as the trend of the market is still down so it is advisable that the readers may stay away from the market and do not create long positions.
___________________________________________________________
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, Asian Paint, Cummins Ind, Lupin, SunTV, Dabur, Triveni, BOB, Mphasis & GTL.
Weak Futures
This is the list of 10 Weak Futures: ICSA, Orchid Chem, GMR Infra, LITL, Bajaj HInd, Renuka, IOB, Ranbaxy, EKC & JP Associates.
_________________________________________________________________

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: