Friday, November 11, 2011

Outlook for 11th November 2011

Daily trend of the market is Up
Market is very volatile and a major support is very near, breaking of which and turn the trend to down. But 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 still above 50%, so the readers who are holding longs in deliveries may hold them till percentage above support remains above 50%.
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Strong Futures
This is list of 10 Strong Futures: RPower, Havells, RECLTD, OnMobile, Hind Uni Lvr, Patni, PFC, Ashok Ley, Rel Infra & Hind Oil.
Weak Futures
This is the list of 10 Weak Futures: Ind, BPCL, GVKPIL, Bajaj Hind, EKC, KS Oils, Hind Petro, Welcorp, Jain Irrigation & S Kumars.

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