Tuesday, October 25, 2011

Outlook for 25th October 2011

Daily trend of the market is Up
After an upward opening market again became very volatile and as today is clearing so expect volatility to continue. 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: Moser Baer, Patni, Raymond, Tata Motors, Praj Ind, Balrampur Ch, Bombay Dyeing, TVS Motor, Infy & Axis Bank. .
Weak Futures
This is the list of 10 Weak Futures: Nagar Fert, Jain Irrigation, Pantaloon, Exide Ind, Union Bank, EKC, Welcorp, GT Offshore, NCC & Voltas.

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