Tuesday, January 04, 2011

Outlook for 5th January 2011

Daily trend of the market is up
Market is taking resistance at current levels and is volatile. But as overall trend of the market 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.
___________________________________________________________
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, Praj Ind, Bata India, Polaris, Hind Oil, Ispat Ind, Sterlite, Aban, Hind Zinc & BalramPur Ch
Weak Futures
This is the list of 10 Weak Futures: Recltd, Indian Bank, UCO Bank, Andhra Bank, Ibrealest, Oriental Bank, Bajaj Auto, Federal Bank, Hind Petro & HDIL.
_________________________________________________________________

Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
________________________________________________________________

No comments: