Daily Newsletter from crnindia.com

Daily Newsletter from crnindia.com

Outlook for 2nd December 2009

Posted: 01 Dec 2009 04:33 AM PST

Watch our Analyst (Neera Jain) discuss Nifty and other stocks at CNBC Awaaz on 2nd December between 2.30 pm till 3.00 pm on programme "Vayda Se Fayda
Daily trend of the market is up.
Market is still very volatile and has resistance at current levels. The uncertainty is still continuing. These movements show that some big movement is ready either way. But as it is still in uptrend so the readers who are holding their longs in Nifty (bought on 26th November) may go on holding till the trend of nifty is in uptrend.
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Percentage above support
today again percentage of stocks above support has come above above 50%, but as market is volatile so it is better not to invest fresh in deliveries and remain away from the market till some more clarity comes in the market
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Strong Futures
This is list of 10 Strong Futures: Hind Zinc, Orchid Chem, Jindal Saw, Tata Motors, Ranbaxy, BPCL, Recltd, Canara Bank, BEL & McDowell-N.
Weak Futures
This is the list of 10 Weak Futures: Punj Lloyd, EKC, Purva, Sterling Biotech, Rel Infra, RCom, TTML, Power Grid, ICSA & Mphasis
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