Monday, March 08, 2010

Outlook for 9th March 2010

Daily trend of the market is up
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 upport remains more than 50%.
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Strong Futures
This is list of 10 Strong Futures: Sterling Biotech, Sesa Goa, Hero Honda, JSW Steel, Siemens, Mcdowell-N, Purva, Allahabad Bank, Orient Bank & Triveni
Weak Futures
This is the list of 10 Weak Futures Bajaj Hind, Mphasis, Chambal Fert, BPCL, Tech Mahindra, Tulip, Tata Comm, ICSA, Nagarjuna Fertil & Balrampur Chini.
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