Monday, September 27, 2010

Outlook for 28th September 2010

Daily trend of the market is up
Marker has remained somewhat sideways but it is still in a very good upward momentum And also the trend of majority markets worldwide are in uptrend. So as overall trend is 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: Jindal SWHL, Renuka, India Info, Lic house, IDBI, Triveni, Tisco, ABB, Punj Lloyd & Bhushan Steel.
Weak Futures
This is the list of 10 Weak Futures: FinanTech, BGR Energy, Mcleodruss, Hind Const, GT Offshore, Tulip, ICSA, Divi'S Lab, Patel Eng & Polaris.
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