Daily Newsletter from crnindia.com

Daily Newsletter from crnindia.com

Outlook for 20th October 2009

Posted: 19 Oct 2009 06:46 AM PDT

Watch our Analyst (Neera Jain) discuss various stocks at CNBC Awaaz on 20th October between 11.00 am till 12.00 noon on programme "Sauda Aapka
Daily trend of the market is up.
As the market is overbought so some more correction may be seen before the market starts moving up again. But as the daily trend is still up, so the readers who are holding their longs in Nifty (bought on 25th August) may go on holding the long positions till the trend remains in uptrend.
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Percentage above support
Percentage of stocks above support is above 50% , so the readers who have invested in deliveries may go on holding them till the percentage of stocks above support remains more than 50%. __________________________________________________________________
Strong Futures
This is list of 10 Strong Futures: Sesa Sesa Goa, Dena Bank, Indusind Bank, LITL, Yes Bank, State Bank Of India, Orient Bank, Canara Bank, UCO Bank & HDIL.
Weak Futures
This is the list of 10 Weak Futures: RCom, Bharti Airtel, RCom, Idea, Grasim, Ambuja Cement, Hind Petro, MTNL, BPCL TV-18 & India Cement
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