Friday, March 08, 2013

Outlook for 8th March 2013



Market has broken its important resistance zone and has come in uptrend. So the readers may start creating long positions in Nifty and hold them till the trend remains up.

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Percentage above support

Percentage of stocks above support is still below 50%, so the readers may not create long positions in cash market till the percentage above support remains below 50%.

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Strong Futures

This is list of 10 Strong Futures: TCS, HCL Tech, Wipro, Apollo Tyres, Tech M, Bharat Forg, Infy, DLF, Hexaware & GMR Infra.

Weak Futures

This is list of 10 Weak Futures: Welcorp, NHPC, IVRCL Infra, Pantaloon R, Opto Circuits, Sail, Finan Tech, IFCI, Unitech & Rcom.

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