Monday, October 31, 2011

Outlook for 1st November 2011

Daily trend of the market is Up
Market is now at its resistance and is consolidating at current level. Market may remain sideways and may give a small correction also. Buttill trend of the market remains up, 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 just 50%, so the readers may not create fresh positions till percentage above support does not come above 50%.
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Strong Futures
This is list of 10 Strong Futures: Hind Uni Lvr, Jindal Saw, Uco Bank, IVRCL Infra, Bombay Dyeing, Vijaya Bank, Moser Baer, RPower, IDBI & Sobha.. .
Weak Futures
This is the list of 10 Weak Futures: Nagar Fert, EKC, Jain Irrigation, NCC, GVKPIL, Hind Petro, BPCL, Voltas, Exide Ind & WelCrop.

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