Tuesday, October 01, 2013

Outlook for 1st October 2013



Market has broken its major level and has come in downtrend. So the readers who had benn holding longs since 5th September may now quit the longs and stay out of the market.

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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: GMR Infra, JSW Steel, Ashok Ley, Renuka, Auro Pharma, GSPL, Sun Pharma, NHPC, BPCL & Tata Comm.

Weak Futures

This is list of 10 Weak Futures: Finan Tech, DLF, Opto Circuits, Ranbaxy, JP Asso, Unitech, Union Bank, Ibrealest, Orient Bank & Adani Power.

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