Thursday, October 14, 2010

Outlook for 15th October 2010

Daily trend of the market is up
Market is taking some correction but is still trading above its support and in in uptrend. 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: Chambal Fert, Vijaya Bank, Orchid Chem, ABG Ship, Bhushan Steel, Rel Media, Nagarjuna Fertil, MLL, Federal Bank & Wipro.
Weak Futures
This is the list of 10 Weak Futures: Finan Tech, Nagar Cont, GVKPIL, BPCL, Hind Petro, TV-18, Praj Ind, NTPC, IOC & LITL.
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