Wednesday, October 13, 2010

Outlook for 14th October 2010

Daily trend of the market is up
As expected, market has restarted its upward momentum and is in a good uptrend .So till the trend is 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: Orchid Chem, ABG Ship, Rel Media, Vijaya Bank, IFCI, Bhushan Steel, Syndicate Bank, KFA, MLL & Chambal Fert.
Weak Futures
This is the list of 10 Weak Futures: Finan Tech, Nagar Cont, Dabur, Praj Ind, TV-18, Colpal, GTL Infra, Asian Paint, BGR Energy & GVKPIL.
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