Wednesday, March 30, 2011

Outlook for 31st March 2011

Daily trend of the market is Up
The Market has been moving steadily up. But as the clearing is approaching, so expect some volatility. But the readers who are holding longs in Nifty, may go on holding till the trend remains up.
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Percentage above support
Percentage of stocks above support is now above 50%, so the readers may create long positions in cash market and hold them till the percentage of stocks above support remains more than 50%. ________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: STR Tech, Ambuja Cement, LIC Housing, Yes Bank, DLF, Federal Bank, IRB, Ultra Cement, Hind Oil & PNB.
Weak Futures
This is the list of 10 Weak Futures: Pir Health, Nat Alum, Patel Eng, Renuka, Mphasis, Suzlon, Tech M, Ranbaxy, PTC & Aurobindo Ph.
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