Sunday, September 19, 2010

Outlook for 20th September 2010

Daily trend of the market is up
Market is going up strongly and is unable to give the much needed correction. But as the over all trend our market and markets world wide 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: Ispat Ind, Bhushan Steel, Corp Bank, Indusind Bank, Renuka, Opto Circuits, Ambuja Cement, Purva, ACC & Kotak Bank.
Weak Futures
This is the list of 10 Weak Futures: Lupin, Patni, Divi'S Lab, GSPL, Neyveli Lignite, Zeel, Tulip, Ivrcl Infra, Nagar Cont & KS Oils.
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