Tuesday, October 16, 2012

Outlook for 16th October 2012



Market is again moving in a sideways zone so we are waiting for it to resume its upward move. 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: KTK Bank, HDIL, Unitech, Syndicate Bank, Aurobindo Ph, India Cement, Tata Global, JP Associate, NCC & JP Power.

Weak Futures

This is list of 10 Weak Futures: Suzlon, Infy, Hexaware, Apollo Tyres, Guj Fluoro, Wipro, Hero Motors, Lupin, Alok Text & LIC Housing.

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