Tuesday, March 09, 2010

Outlook for 10th March 2010

Daily trend of the market is up
Since last two days market is moving in a sideways consolidation zone but as the trend of market is still up, so the readers who have created long positions in Nifty may hold them till the trend remains in uptrend.
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Percentage above support
Percentage of stocks above support is above 50%, so the readers who have created long positions in cash stocks may hold them till percentage of stocks above support remains more than 50%.
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Strong Futures
This is list of 10 Strong Futures: Orient Bank, Sesa Goa, JSW Steel, Hero Honda, Siemens, LITL, M&M, Sterling Biotech, Mcdowell-N & Pir Health
Weak Futures
This is the list of 10 Weak Futures: Bajaj Hind, Mphasis, BPCL, Chambal Fert, Pantaloon Retail, Balrampur Chini, Tech Mahindra, Tulip, Tata Comm & Dish TV
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