Wednesday, October 09, 2013

Outlook for 10th October 2013



Market has closed above its resistance and has come in uptrend. So the readers may create  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 above 50%, so the readers may go on holding longs in cash market.

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Strong Futures

This is list of 10 Strong Futures: Arvind, Punj Llyod, Tata Comm, PTC, GMR Infra, JSW Steel, Voltas, Sun Pharma, Sail & IFCI.

Weak Futures

This is list of 10 Weak Futures: Yes Bank, ZEEL, FinanTech, IOC, SBIN, Hind Uni Lvr,SR Trans Fin, Opto Circuits, GSKCons & PNB.

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