Wednesday, November 23, 2011

Outlook for 24th November 2011

Daily trend of the market is down
Market is very volatile but as it is heavily oversold, so a couter rally is expected from here. But Till the trend of the market remains down the readers may not create long positions and stay away from the market.
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Percentage above support
Percentage of stocks above support is still below 50%, so the readers may not create longs in deliveries till percentage above support remains below 50%.
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Strong Futures
This is list of 10 Strong Futures: Patni, Cipla, KFA. Apollo Tyre, Hind Uni Lvr, Zeel, PFC, Hero Motors, Havells & Tata Chem.
Weak Futures
This is the list of 10 Weak Futures: Renuka, Suzlon, Adanient, EKC, Jindal SWHL, Triveni, HDIL, Welcorp, PTC & SRE Infra.

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