Tuesday, September 27, 2011

Outlook for 28th September 2011

Daily trend of the market is down
Market is taking a good counter rally and is near its first resistance. But as overall trend of the market is still down so the readers may stay away from the market and do not create long positions in Nifty till the trend remains down. ___________________________________________________________
Percentage above support
Percentage of stocks above support is still 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: Ruchi Soya, Arvind, JP Associate, Bombay Dyeing, DLF, Bank Of Baroda, Union Bank, Hexaware, Gitanjali & ABG Ship .
Weak Futures
This is the list of 10 Weak Futures: Pantaloon, Fortis, Jain Irrigation, SRE Infra, IFCI, MC Dowell, Chambal Fert, ABB, Jindal SWHL & Orchid Chem.

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