Sunday, September 30, 2012

Outlook for 1st October 2012



After a good rally some sideways consolidation is expected in the market. But  as overall trend of the market is still up, so the readers who bought longs on 11th September may go on holding them till the trend remains up.

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Percentage above support

Percentage of stocks above support is still above 50%, so the readers who are long in  deliveries may hold them till  the percentage above support remains above 50%.

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Strong Futures

This is list of 10 Strong Futures: Pantaloon, MC Dowell, KTK Bank, NCC, HDIL, Orient Bank, LITL, Adani Power, Max & On Mobile.

Weak Futures

This is list of 10 Weak Futures: MTNL, Ruchi Soya, Jet Airways, BF Utilities, Hexaware, Cairn, TCS, Opto Circuit, Videocon & Divis Lab.

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