Wednesday, October 31, 2012

Outlook for 31st October 2012



Market has broken its important level and has come in downtrend. So the readers who had been holding longs since 11th September may now quit them and stay out of the market till the trend remains down.

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Percentage above support

Percentage of stocks above support is below50% , so the readers may now quitall the deliveries and do not create long positions till  the percentage above support remains below 50%.

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Strong Futures

This is list of 10 Strong Futures: KTK Bank, Aurobindo Ph, JP Power, Arvind, IDFC, Colpal, Yes Bank, M&M, NHPC & Godrej Ind.

Weak Futures

This is list of 10 Weak Futures: CESC, IRB, Guj Fluoro, GMR Infra, IVRCL Infra, Opto Circuits, Renuka, Havells, RCOM & IFCI.

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