Sunday, November 11, 2012

Outlook for 12th November 2012



Market is moving in a corrective mode and is again coming near its immediate support. Since a few days overall moevment of the market remains in  very small range. A break either side will show next direction. Till then will have to hold the longs bought on 8th November.

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Percentage above support

Percentage of stocks above support is still above 50% , so the readers may hold their positions in deliveries till  the percentage above support remains above 50%.

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Strong Futures

This is list of 10 Strong Futures: Mc Dowell, Idea, Union Bank, Tata Global, Finan Tech, KTK Bank, Yes Bank, Ibrealest, Ashok Ley & Auro Pharma.

Weak Futures

This is list of 10 Weak Futures: CESC, IRB, Bharat Forge, Cromp Greav, Apollo Tyres, India Cem, GMR Infra, ONGC, Uniphos & Wipro.

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