Friday, November 04, 2011

Outlook for 4th November 2011

Daily trend of the market is Up
After sideways consolidation it seems that the market is ready to continue its upward move again. So 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 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, Escorts, Hind Uni Lvr, PFC, RECLTD, OnMobile, ALBK, Orchid Chem, Jindal SAWL & Rel Infra .
Weak Futures
This is the list of 10 Weak Futures: Jain Irrigation, EKC, GVKPIL, VIP Ind, Bajaj Hind, DCHL, Cummins India, NCC, Welcorp & Sintex..

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