Sunday, October 07, 2012

Outlook for 8th October 2012



After a good upward rally market had become over bought and now it seems as if the market may give us a much needed 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: HDIL, Ibrealest, NCC, Adanient, MC Dowell, Pantaloon R, Crompton Greave, Rel Capital, KTK Bank & GMR Infra.

Weak Futures

This is list of 10 Weak Futures: Hexaware, Lupin, Hero Motors, Apollo Tyres, Cairn, Cipla, Mcleodruss, TCS, Ranbaxy & Sesa Goa..

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