Tuesday, December 28, 2010

Outlook for 29th December 2010

Daily trend of the market is up
Market is moving in a sideways zone but as overall trend is up, so the readers who had created long positions in nifty on 27th December may go on holding the long positions 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: Hexaware, Core Protect, Praj Ind, Ispat Ind, Moser Bear, BalramPur Ch, Wipro, Polaris, Renuka & Sun Pharma
Weak Futures
This is the list of 10 Weak Futures: Ibrealest, Recltd, Welcorp, Ashok Ley, UCO Bank, India Info, Pantaloon R, Orbit Corp, Patel Eng & Dena Bank.
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