Sunday, October 06, 2013

Outlook for 7th October 2013



Market is taking a counter rally and is trading at its first resistance zone. Next few trading days are very crucial for the trend of the market. And as long tern trend is down, so the readers may stay out of the market and do not create any long positions 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 go on holding longs in cash market.

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Strong Futures

This is list of 10 Strong Futures: Tata Comm, GMR Infra, JSW Steel, Arvind, Ashok Ley, Jain Irrigation, Auro Pharma, Sail, Uniphos & LIC Hsg.

Weak Futures

This is list of 10 Weak Futures: Finan Tech, Opto Circuits, ONGC, Mcleodruss, SR Trans Fin, PNB, Hind Uni Lvr, Adani Power, Godrej Ind & DLF.

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