Tuesday, March 30, 2010

Outlook for 31st March 2010

Daily trend of the market is up
The market may take some correction and remain sideways 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, Orient Bank, Hindalco, Sintex, PNB, GMR Infra, Corporation Bank, Bajaj Auto, Cairn India & National Alum.
Weak Futures
This is the list of 10 Weak Futures: Bajaj Hind, Tulip, Mphasis, KFA, Neyveli Lignite, Uniphos, ICSA, DCB, DCHL & Colpal
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