Daily Newsletter from crnindia.com

Daily Newsletter from crnindia.com

Outlook for 4th November 2009

Posted: 03 Nov 2009 05:28 AM PST

Daily trend of the market is down.
Though the market has now become oversold and may take some counterrally but till the trend remains in downtrend it is advisable not to create long positions in Nifty and stay away from the market
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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: Dr Reddy, Asian Paints, Ashok Ley, Crompton Greaves, PTC, Pir Health, Cummins India, Dabur, Colpal & National Alum..
Weak Futures
This is the list of 10 Weak Futures: IOC, Suzlon, RCom, GMR Infra, EKC, MLL, Aban Off shore, Punj Lloyd, JP Hydro & Unitech.
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