Monday, March 22, 2010

Outlook for 23rd March 2010

Daily trend of the market is up
The market has started taking a much needed correction. But as the long term trend of the market is still up, so the readers who had created long positions in Nifty on 17th February, 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: Chennai Petro, Triveni, Idea, JSW Steel, Dr Reddy, India Cement, DCHL, BEL, Voltas Ltd & Hero Honda.
Weak Futures
This is the list of 10 Weak Futures: Renuka, Balrampur Chini, Bajaj Hind, HDIL, Hind Petro, Tulip, Bank Of India, Orchid Chem, KFA & Dish TV
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