Daily Newsletter from crnindia.com

Daily Newsletter from crnindia.com

Outlook for 3rd November 2009

Posted: 02 Nov 2009 06:13 AM PST

Daily trend of the market is down.
As the market came in downrend on 27th October, so it is advisable not to create long positions in Nifty and stay away from the market till the trend does not come in uptrend _____________________________________________
Percentage above support
Percentage of stocks above support is below 50%, so is it advisable not to create any fresh long positions in deliveries __________________________________________________________________
Strong Futures
This is list of 10 Strong Futures: Crompton Greaves, Balrampur Chini, McDowell-N, Ashok Leyl, Dr Reddy, Yes Bank, PTC, Asian Paints, OFSS & Hind Zinc..
Weak Futures
This is the list of 10 Weak Futures: IOC, EKC, RCom, GMR Infra, RNRL, Suzlon, Punj Lloyd, Nagar Fert, MLL & Bank Of India.
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