Wednesday, October 03, 2012

Outlook for 3rd October 2012



Market is continuing with its rally and has now become overbought and needs some healthy correction. But  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: MC Dowell, NCC, HDIL, KTK Bank, Pantaloon R, Rel Capital, Tech M, Canara Bank, JSW Energy & Orient Bank.

Weak Futures

This is list of 10 Weak Futures: PEL, Hexaware, Cairn, Opto Circuits, Coal India, DR Reddy, TCS, Apollo Tyres, ONGC & Sesa Goa.

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