Thursday, September 30, 2010

Outlook for 1st October 2010

Daily trend of the market is up
The clearing is over and it seems that the correction is over and now market is epexted to resume its upward momentum. So as the trend is still up, the readers who had bought Nifty on 7th September may go on holding the longs 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 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: Orchid Chem, KFA, Renuka, Triveni, JindalSWHL, LicHHousing, DLF, Tisco, ABB & SUN PHARMA .
Weak Futures
This is the list of 10 Weak Futures: FinanTech, Noida Toll, Patni, GTOffshore, TataCom, Polaris, Divi Lab, Hind const., IndianHotel & ICSA.
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