Wednesday, December 07, 2011

Outlook for 8th December 2011

Daily trend of the market is Up
Market has touched its first resistance and from here some correction may be seen. But till the trend remains up the readers who had created long positions on 5th Dec, may hold them till the trend remains in uptrend ___________________________________________________________
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: MRF, Patni, JP Power, Raymond, Havells, Orbit Corp, Sun TV, Hind Oil, Wipro & Hindalco.
Weak Futures
This is the list of 10 Weak Futures: Renuka, Welcorp, BRFL, VIP Ind, Ibrealest, EKC, Moser Baer, Suzlon, HDIL & Bajaj Hind.
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