Sunday, October 03, 2010

Outlook for 4th October 2010

Daily trend of the market is up
After remaining sideways for a few days market has again restarted its upward momentum .So the trend is still up, 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: Orchid Chem, Jindal SWHL, India Info, KFA, DLF, Triveni, Renuka, IDBI, Tisco & Lic house .
Weak Futures
This is the list of 10 Weak Futures: Finan Tech, Tata Comm, Patni, GT Offshore, Asian Paint, Divi'S Lab, United Phosphoro, BGR Energy, GMR Infra & Hind Petro.
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