Thursday, October 20, 2011

Outlook for 21st October 2011

Daily trend of the market is Up
Market is very volatile and is unable to come out of its sideways zone. But till 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: Patni, Tata Motors, Bombay Dyeing, Arvind, TVS Motor, IDFC, JP Power, Praj Ind, Infy & Moser Baer .
Weak Futures
This is the list of 10 Weak Futures: Nagar Fert, Rolta, Pantaloon, GT Offshore, Jain Irriration, Exide Ind, Chambal Fert, Dhan Bank, GVKPIL & Voltas.

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