Monday, January 09, 2012

Outlook for 10th January 2012

Daily trend of the market is down
Market is very volatile and is moving in a very small range. Break from either side will take the market in that direction. 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 now above 50%, so the readers may create long positions in cash market and hold them till the percentage of stocks above support remains more than 50%. ________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: GMR Infra, GVKPIL, Welcorp, OnMobile, Orbit Corp, Polaris, Rolta, LITL, STR Tech & Bajaj Hind .
Weak Futures
This is the list of 10 Weak Futures: Sintex, Adanient, TVS Motor, KFA, Bajaj Auto, India Info, VIP Ind, Jain Irrigation, Hero Motors & Bharti Artl.
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