Thursday, September 01, 2011

Outlook for 2nd September 2011

Watch our Analyst (Neera Jain) discuss Nifty and stocks at CNBC Awaaz on 2nd September between 10 am till 11 am on programme “Sauda Aapka”

Daily trend of the market is down
The market is still continuing its rally and has resistance at current levels which if broken then the market can come in uptrend. But till the trend remains down the readers may stay away from the market and do not create long positions.
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Percentage above support
Percentage of stocks above support is still below 50%, so it is advisable not to create long positions will the percentage above support remains below 50%
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Strong Futures
This is list of 10 Strong Futures: Chambal Fert, Hero Motors, Idea, Bajaj Auto, Max India, Jubilant Food, TVS Motor, SRE Infra, Dabur & IGL .
Weak Futures
This is the list of 10 Weak Futures: Educomp, IVRCL Infra, KS Oils, Jet Airways, Nagar Fert, Triveni, Moser Baer, MLL, Aurobindo Ph & NCC.

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