Sunday, March 04, 2012

Outlook for 5th March 2012

Daily trend of the market is down
Market is sideways but as overall trend is down since 27th February, so the reader may not create long positions in Nifty and wait for the market to come in uptrend.
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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: VIP Ind, BGR Energy, Yes Bank, Welcorp, RPower, OFSS, IFCI, Welcorp, Voltas & Rolta.
Weak Futures
This is the list of 10 Weak Futures: MC Dowell, DLF, Dish TV, OnMobile, TVS Motor, GSPL, Adanient, Educomp, Cipla & Tech M.

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