Tuesday, February 01, 2011

Outlook for 2nd February 2011

Daily trend of the market is down
Market is continuing its fall, and now has come oversold. Expect some counter rally in coming days. But as overall trend is down, the readers may stay out of the market and do not create any long positions till the trend remains down.
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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: Siemens, BRFL, Nat Alum, Titan, TV 18, Ispat Ind, BEL, HCL Tech, Patni & Jindal Saw.
Weak Futures
This is the list of 10 Weak Futures: IVRCL Infra, Unitech, HDIL, Escorts, KFA, Jindal SWHL, Bajaj Hind, Rel Media, STR Tech & TVS Motors.
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