Monday, March 15, 2010

Outlook for 16th March 2010

Daily trend of the market is up
The market is still unable to come out of its sideways consolidation zone but at 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: LITL, Hind Zinc, Hero Honda, Patni, Chennai Petro, TCS, Sesa Goa, Ambuja Cement, Wipro & Sun TV
Weak Futures
This is the list of 10 Weak Futures: Balrampur Chini, Bajaj Hind, Chambal Fert, ICSA, Nagarjuna Fertil, Dish TV, Triveni, FSL, Tata Comm & BEML.
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