Tuesday, September 06, 2011

Outlook for 7th September 2011

Daily trend of the market is Up
The market has crossed its immediate resistance and has come in uptrend. Even though majority of the world markets are in downtrend but as our market has come in come trend so long positions can be created in nifty and hold them till the trend remains in uptrend
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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, VIP Ind, M&M, TVS Motor, Shriram Transport, Ruchi Soya, Jubilant Food, Bajaj Auto & Arvind .
Weak Futures
This is the list of 10 Weak Futures: KS Oils, Moser Baer, Educomp, Jet Airways, Triveni, Union Bank, IFCI, IVRCL Infra, GT Offshore & MLL.

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