Monday, November 15, 2010

Outlook for 16th November 2010

Daily trend of the market is down
Market is taking a counter rally but as the over all trend as the market is down,so the readers who had quitted their longs may now stay out of the market till it remains in downtrend.
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Percentage above support
Percentage of stocks above support is still below 50%, so the readers who has quit the ire longs positions in cash market may stay out of the market till the percentage of stocks above support does not come more than 50%. ________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: Syndicate Bank, Canara Bank, Uco Bank, ICSA, R Power, Lupin, Dena Bank, GE Shipping, IDBI & Sintex.
Weak Futures
This is the list of 10 Weak Futures: Educomp, IVRCL Infra, DLF, Purva, FSL, Ispat Ind, Triveni, Hotel Leela, Polaris & MTNL.
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