Sunday, October 24, 2010

Outlook for 25th October 2010

Daily trend of the market is down
Market is trading sideways and is still in downtrend. So it is advised to stay away from the market and not create any longs positions till the trend remains down.
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Percentage above support
Percentage of stocks above support is above 50%, but it is advisable not to create fresh longs position and wait for market to settle down and then only create long positions in cash market. ________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: ABG Ship, Orchid Chem, Canara Bank, Vijaya Bank, Federal Bank, Biocon, Bhushan Steel, United Phosphoro, PTC & Petronet.
Weak Futures
This is the list of 10 Weak Futures: GMR Infra, Finan Tech, Apollo Tyre, TV-18, IVRCL Infra, Praj Ind, Welcorp, Ispat Ind, JSW Steel & Orbit Corp.
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