Sunday, September 23, 2012

Outlook for 24th September 2012



After taking a small correction market has given a good break again. But Market has reached its major resistance and may consolidate at current levels. And 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: Bank NCC, Canara Bank, Orient Bank, GMR Infra, Union Bank, RCOM, IRB, Bank Of Baroda, Ibrealest & Pantaloon R.

Weak Futures

This is list of 10 Weak Futures: Ruchi Soya, S Kumars, Alok Text, Glaxo, Divis Lab, Opto Circuit, PEL, Hexaware, TCS & DR Reddy.

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