Sunday, November 28, 2010

Outlook for 29th November 2010

Daily trend of the market is down
Market is very volatile and has again touched its next support. From here a bounce is expected in the market. But as overall trend is still now, so the readers may stay out of the market and do not create nay longs positions 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: TVS Motor, Lupin, Dr Reddy, GE Shipping, Hero Honda, Bajaj Auto, Hexaware, Crompton Greave, Bharti Artl & Petronet.
Weak Futures
This is the list of 10 Weak Futures: Hind Const, India Info, LIC Housing, Ibrealest, HDIL, Unitech, Jindal SWHL, BGR Energy, Finan Tech & DCHL
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