Sunday, October 10, 2010

Outlook for 11th October 2010

Daily trend of the market is up
Market has taken the correction and it seems that now the market may restart the upward momentum. And as the trend is still up, so 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, Rel Media, MLL, KFA, ABG Ship, IFCI, Bhushan Steel, Biocon, Hindalco & Sintex.
Weak Futures
This is the list of 10 Weak Futures: Finan Tech, Nagar Cont, Idea, GVKPIL, GTL Infra, Asian Paint, United Phosphoro, Hind Petro, BPCL & TV-18.
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