Monday, November 07, 2011

Outlook for 8th November 2011

u>Daily trend of the market is Up
Market is trading at its resistance breaking of which can give us very good upward levels but if market starts taking resistance then it may give some correction. 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: OnMobile, Havells, JSW Steel, Escorts, Patni, Rpower, Orchid Chem, ALBK, RECLTD & BEML.
Weak Futures
This is the list of 10 Weak Futures: Jain Irrigation, VIP Ind, Bajaj Hind, EKC, Welcorp, Cummins India, GVKPIL, S kumars, NCC & Adanient.

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