Sunday, October 28, 2012

Outlook for 29th October 2012



It seems as if market may come out of its sideways zone and start to trade below its immediate support. If this happens then the trend may turn to down. But till overall trend of the market remains up, the readers who bought longs on 11th September may go on holding them.

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Percentage above support

Percentage of stocks above support is marginally 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: JP Power, Yes Bank, Orient Bank, KTK Bank, Aurobindo Ph, Axis Bank, Arvind, LT, Federal Bank & Godrej Ind.

Weak Futures

This is list of 10 Weak Futures: IRB, CESC, GMR Infra, Renuka, GVKPIL, Sun TV, IVRCL Infra, Exide Ind, PNB & Wipro.

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