Thursday, November 08, 2012

Outlook for 9th November 2012



Even though market is in uptrend it not moving up as expected. We will have to wait and see whether it is able to move above the current resistance zone or not. But as overall trend of the market is still up so the readers who had bought on 8th November 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 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: Union Bank, Auro Pharma, KTK Bank, MC Dowell, Unitech, Biocon, IDBI, Pantaloon, Tata Global & Idea.

Weak Futures

This is list of 10 Weak Futures: CESC, Cromp Greav, Bharat Forge, Guj Fluoro, Wipro, IRB, Apollo Tyres, Bata India, Rel Infra & India Cem.

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