Thursday, September 16, 2010

Outlook for 17th September 2010

Daily trend of the market is up
Market does need some correction so that it can becomes healthy to go up again. But over all trend our our market and markets world wide is still up. So till the trend is up, 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% ________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: Opto Circuits, Apollo Tyre, DLF, Bhushan Steel, HDFC LTD, Hdfc Bank, SBI , ICICI Bank, Maruti & Renuka.
Weak Futures
This is the list of 10 Weak Futures: GSPL, RCOM, Divi'S Lab, KS Oils, GT Offshore, ABG Ship, Sintex, Hero Honda, Praj Ind & Petronet.
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