Sunday, December 26, 2010

Outlook for 27th December 2010

Daily trend of the market is up
Market has closed above its major resistance level and has ome in uptrend. So the readers may now create long positions in nifty and hold them till the trend remains in uptrend.
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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: Ispat Ind, Core Protect, Renuka, Polaris, Sterlite, Wipro, Mphasis, Balrampur Ch, Hexaware & Sun Pharma
Weak Futures
This is the list of 10 Weak Futures: Ibrealest, Ashok Leyland, Welcorp, Recltd, Orbit Corp, Pantaloon R, LIC Housing, SCI, KFA & Escorts.
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