Monday, October 18, 2010

Outlook for 19th October 2010

Daily trend of the market is up
Market has taken support and has taken some bounce but it is still very volatile. So it is better to remain cautious. But as 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: Orchid Chem, ABG Ship, Vijaya Bank, Chambal Fert, Bhushan Steel, Petronet, Ibrealest, Rel Media, Federal Bank & Bank of Baroda.
Weak Futures
This is the list of 10 Weak Futures: GVKPIL, V-18, BPCL, IVRCL Infra, Praj Ind, Bharti Airtel, BGR Energy, GMR Infra, Finan Tech & Dabur.
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