Daily Newsletter from crnindia.com

Daily Newsletter from crnindia.com

Outlook for 10th November 2009

Posted: 09 Nov 2009 06:11 AM PST

Daily trend of the market is down.
Market is still taking a counterally, but still the trend of the market is down. So it is advisable not to create long positions in Nifty till the trend remains in downtrend 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: Ashok Ley, Yes Bank, DCHL, PTC, Mphasis, Allahabad Bank, McDowell-N, Dr Reddy, Canara Bank & Crompton Greaves
Weak Futures
This is the list of 10 Weak Futures: RCom, EKC, Tata Comm, Idea, Suzlon, TTML, GMR Infra, MLL, ICSA & India Cement
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