Wednesday, October 29, 2014

Outlook for 30 October2014

Daily trend of the market is up
Market has come in uptrend so the reader may create long positions in Nifty and hold the longs till the trend remains in uptrend
Percentage above support
Percentage of stocks above support is now above 50%, so the readers m ay create longs positions in cash market and hold the longs till the percentage above support remains more than 50%.
Strong Futures
This is list of 10 Strong Futures: BHEL,Cipla,RECL,TVS Motor,Eicher Motors, GAIL, PFC, Bajaj Auto, Indusind Bank and SAIL
Weak Futures
This is list of 10 Weak Futures: DLF, Jindal Steel & Power, Just Dail, Crompton Greaves, Unitech, Biocon, CESC, Mcleod, HCL Tech, and IGL.
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