Wednesday, October 27, 2010

Outlook for 28th October 2010

Daily trend of the market is down
Market has broken site sideways zone and has started to fall down. And as overall trend is still down, so it is advisable that the readers may not create long positions in Nifty and stay away from the market till it does not come in uptrend.
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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: Ship, Dena Bank, Orchid Chem, Canara Bank, Vijaya Bank, UCO Bank, IDBI, Syndicate Bank, Titan & Andhra Bank.
Weak Futures
This is the list of 10 Weak Futures: Finan Tech, On Mobile, Idea, BRFL, Pir Health, Bharti Artl, Ispat Ind, Asian Paints, HDIL & IVRCL Infra.
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