Wednesday, September 15, 2010

Outlook for 16th September 2010

Daily trend of the market is up
Market is still going up and is unable to give a much needed correction. But as the trend is still up so the readers who had bought Nifty on 7th September may go on holding the longs.
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Percentage above support
Percentage of stocks above support is above 50%, so the readers who have created longs positions in cash market, may hold them till the percentage of stocks above support remain above 50%
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Strong Futures
This is list of 10 Strong Futures: Dish TV, Opto Circuits, Renuka, IDBI, Apollo Tyre, Canara Bank, Tisco, ICICI Bank, Hindalco & Hdfc Bank .
Weak Futures
This is the list of 10 Weak Futures: GSPL, EKC, KS Oils, Ivrcl Infra, Hero Honda, RCOM, Orbit Corp, GT Offshore, LITL & Colpal.
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