Wednesday, March 02, 2011

Outlook for 3rd March 2011

Daily trend of the market is up
Market has closed above its resistance and has now come in uptrend. So as the trend of the market is up, so the readers may create long positions in Nifty and hold them till the trend remains up.
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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 marketand do not create long positions in cash market till the percentage of stocks above support does not come more than 50%. ________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: HDIL, Welcorp, ITC, India Info, IDFC, LIC Housing, BRFL, Core Protect, TVS Motor & Maruti.
Weak Futures
This is the list of 10 Weak Futures: Mphasis, Patel Eng, DCHL, BGR Energy, Punjlloyd, Aurobindo Ph, Rcom, Unitech, GT Offshore & BEML.
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