Monday, September 29, 2014

Outlook for 30th September 2014

Daily trend of the market is down
Market is still in downtrend. So the readers who had quit their longs on 25th September may stay out the market and do not create any long positions till the trend remains down
Percentage above support
Percentage of stocks above support is still below 50%, so the readers who had quit their holding in cash market on 25th September may not create longs in deliveries till the percentage above support remains less than 50%.
Strong Futures
This is list of 10 Strong Futures: Aurbindo Pharma, Hexaware, Tvs Motor, Cipla, Divs lab, Ashok Ley, TCS, MRF, IFCI & Dr. Reddy
Weak Futures
This is list of 10 Weak Futures: JP Associate, Jindal Steel, GMR Infra, IDBI, JP Power, BOI, Unitech, Oriental Bank, Allahabad Bank & Rel Infra.
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