Thursday, November 15, 2012

Outlook for 16th November 2012



Market has today broken its support and has come in downtrend. so the readers who had been holding longs since 8th November may quit the longs and stay out till the trend remains down.

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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, AshokLeyl., Finan Tech., Tata Global, Unitech, Karnataka Bank, IB Realest, Idea, Biocon & SunTV.

Weak Futures

This is list of 10 Weak Futures: Infra, Opto Circuits, Cromp Greav, India Sement, Uni Phos., NMDC, Hexaware, Jindal Steel, CESC & ONGC.

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