Thursday, November 03, 2011

Outlook for 3rd November 2011

Daily trend of the market is Up
Market has taken some correction and it is expected to consolidate at current levels. 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 above 50%, so the readers may create fresh positions in deliveries and hold them till percentage above support remains above 50%.
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Strong Futures
This is list of 10 Strong Futures: Hind Uni Lvr, RPower, Escorts, Uco Bank, Vijaya Bank, Jindal Saw, ABAN, IDFC, Praj Ind & Canara Bank. .
Weak Futures
This is the list of 10 Weak Futures: Jain Irrigation, EKC, GVKPIL, Welcorp, VIP Ind, DCHL, NCC, Pantaloon, Dhan Bank & S Kumars.

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