Wednesday, October 12, 2011

Outlook for 13th October 2011

Daily trend of the market is Up
Market is gaining upward momentum, but it is near its first resistance. And as overall trend of the market is still up, so the readers who are holding longs in Nifty may go on holding them till the trend remains up.
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Percentage above support
Percentage of stocks above support is now above 50%, so the readers may create long positions in cash market and hold them till percentage above support remains above 50%.
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Strong Futures
This is list of 10 Strong Futures: Tata Motors, DLF, Bombay Dyeing, Praj Ind, Hexaware, Educomp, Infy, Aban, Jubilant Food & IDFC .
Weak Futures
This is the list of 10 Weak Futures: Nagar Fert, Rolta, Dhan Bank, Adanient, Voltas, KFA, Pantaloon, SCI, GT Offshore & Sintex.

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