Thursday, December 29, 2011

Outlook for 30th December 2011

Daily trend of the market is down
Market has been very volatile and now as the clearing is over, it is expected to settle down. But till overall trend of the market remains down the readers may stay out of the market and do not create any long positions.
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Percentage above support
Percentage of stocks above support is below 50%, so the readers may not create long positions in cash market and wait for the percentage of stocks above support to become more than 50%. ________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: Welcorp, Tata Comm, BRFL, Grasim, Hind Uni Lvr, Pir Health, Dabur, Divis Lab, GTL Infra & GVKPIL.
Weak Futures
This is the list of 10 Weak Futures: EKC, Sintex, EKC, FSL, Sintex, Syndicate Bank, Nagar Fert, Orient Bank, India Info, BGR Energy, Central Bank & Jet Airways.
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