Monday, September 26, 2011

Outlook for 27th September 2011

Daily trend of the market is down
Market has touched a major support today from where a counter rally is expected. But as overall trend of the market is still down so the readers may stay away from the market and do not create long positons in Nifty till the trend remains down. ___________________________________________________________
Percentage above support
Percentage of stocks above support is below 50%, so it is advisable for the readers to not to create long positions till percentage above support remains below 50%.
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Strong Futures
This is list of 10 Strong Futures: Arvind, Bombay Dyeing, Ruchi Soya, Bank Of Baroda, ABG Ship, JP Associate, Union Bank, IRB, Ambuja Cement & ACC .
Weak Futures
This is the list of 10 Weak Futures: Pantaloon, Jain Irrigation, IFCI, SRE Infra, Fortis, Hind Oil, ABB, MC Dowell, IVRCL Infra & Hindalco.

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