Monday, November 05, 2012

Outlook for 6th november 2012


Daily trend of the market is down

Market is still taking a counter rally but is very near to its resistance. And so as overall trend is still down,  the readers who had quit the longs on 31st October may stay out of the market 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: Orient Bank, KTK Bank, Union Bank, Aurobindo Ph, Yes Bank, Godrej Ind, Titan, Maruti, IDFC & M&M.

Weak Futures

This is list of 10 Weak Futures: Cromp Greav, IRB, CESC, Bhart Forg, GMR Infra, Guj Fluoro, Wipro, IVRCL Infra, Bata India & Renuka.

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