Wednesday, December 08, 2010

Outlook for 9th December 2010

Daily trend of the market is down
The market is still very volatile and is trading between its support and resistance. So till the trend remains down, the readers may stay out of the market and wait for it to come in uptrend before creating longs position.
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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, Tata Motors, HCL Tech, Cipla, Dish TV, Dr Reddy, Exide Indus, Hindalco, Gail & Bharti Art
Weak Futures
This is the list of 10 Weak Futures: KS Oils, Ruchi Soya, Welcorp, IRB, Ibrealest, Orbit Corp, India Info, LIC Housing, ALBK & Escorts
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