Wednesday, March 03, 2010

Outlook for 3rd March 2010

Daily trend of the market is up
Market has broken its major resistance of 4950, so the readers may create long positions in Nifty and hold it till the trend remains in uptrend.
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Percentage above support
Percentage of stocks above support are now above 50%, so the readers may create fresh investment in cash stocks and hold then till percentage of stocks above upport remains more than 50%.
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Strong Futures
This is list of 10 Strong Futures: Tata Motors, Pir Health, Hindalco, Sesa Goa, Bank of Baroda, Orient Bank, Crompton Greaves, Maruti, Hero Honda & ICICI Bank.
Weak Futures
This is the list of 10 Weak Futures: Bajaj Hind, Renuka, EKC, Balrampur Chini, ICSA, FSL, Chambal Fert, DLF, Dish TV & BPCL.
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