Tuesday, October 05, 2010

Outlook for 6th October 2010

Daily trend of the market is up
Market is moving is in sideways zone and it may consolidate at current levels. But as 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: Rel Media, Orchid Chem, Bhushan Steel, Sintex, MLL, KFA, Triveni, IDBI, Bank Of India & Jindal SWHL.
Weak Futures
This is the list of 10 Weak Futures: Finan Tech, Asian Paint, Idea, GT Offshore, BRFL, GTL Infra, Indian Hotel, Tata Chem, GMR Infra & Hero Honda.
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