Sunday, December 12, 2010

Outlook for 13th December 2010

Daily trend of the market is down
After touching its support market is taking a counter rally. But as the trend is down, the readers may stay out of the market and wait for it to come in uptrend before creating long positions.
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Percentage above support
Percentage of stocks above support is still below 50%, so the readers may still 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: ACC, Wipro, HCL Tech, Tata Tea, Jindal Steel, Sun TV, Infosys Tech, NTPC, Dr Reddy & Cairn
Weak Futures
This is the list of 10 Weak Futures: KS Oils, LIC Housing, HCC, DCHL, HDIL, MLL, EKC, UCO Bank, DCB & TV 18.
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