Wednesday, February 29, 2012

Outlook for 1st March 2012

Daily trend of the market is down
Market had come in downtrend on 27th February. So the reader may quit their longs in Nifty which were bought on 10th Jan and then stay out of the market.
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Percentage above support
Percentage of stocks above support is again come above 50%, so the readers may again create 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: BGR Energy, Rolta, OFSS, Dhan Bank, Hexaware, VIP Ind, Yes Bank, Godrej Ind, LITL & IFCI.
Weak Futures
This is the list of 10 Weak Futures: Dish TV, MC Dowell, TVS Motor, DCHL, Educomp, OnMobile, Tech M, Essar Oil, Arvind & HDFC.

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