Tuesday, October 12, 2010

Outlook for 13th October 2010

Daily trend of the market is up
Market has come near its major support and from here it is expected to restart its upward momentum. So till the trend is still up, the readers who had bought Nifty on 7th September may go on holding the longs.
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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: ABG Ship, Orchid Chem, Rel Media, IFCI, MLL, Bhushan Steel, KFA, Chambal Fert, Shipping Corp & Vijaya Bank.
Weak Futures
This is the list of 10 Weak Futures: Finan Tech, Nagar Cont, Praj Ind, Bharti Airtel, Mcdowell-N, TV-18, DCHL, BGR Energy, GTL Infra & Asian Pain.
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