Wednesday, September 26, 2012

Outlook for 27th September 2012



Market is still consolidating in a sideways zone and we are waiting for the clearing to be over before it shows fresh direction. 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: Pantaloon R, HDIL, MC Dowell, Canara Bank, LITL, JSW Energy, IRB, NCC, Rel Capital & Voltas.

Weak Futures

This is list of 10 Weak Futures: Ruchi Soya, Hexaware, Apollo Tyre, PEL, Opto Circuits, Jindal Saw, Divis Lab, Glaxo, DR Reddy & GE Ship.

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