Wednesday, September 08, 2010

Outlook for 9th September 2010

Daily trend of the market is up
Market has remained sideways and it seems that it may consolidate some more before going up again. So the readers who had bought Nifty on 7th September may go on holding the longs till the trend remains up.
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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: Apollo Tyre, KFA, ACC, Godrej Ind, Ruchi Soya, BEML, Ambuja Cement, MLL, Guj Mineral & Renuka.
Weak Futures
This is the list of 10 Weak Futures: Hero Honda, Sesa Goa, Chennai Petro, Hind Const, Orbit Corp, Nagar Cont, KS Oils, Rel Infra, Cairn India & Punj Lloyd..
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