Daily Newsletter from crnindia.com |
| Posted: 27 Oct 2009 05:44 AM PDT Daily trend of the market is down. Today Nifty index has closed below its major trend level and has come in downtrend. So the readers who had been holding their longs in Nifty (bought on 25th August) may now quit them on 28th Oct latest by 10.30 am. Till the trend remains in downtrend it is recommended that no long positions be created in Nifty _____________________________________________ Percentage above support Percentage of stocks above support is below 50%, so the readers who had invested in deliveries may now quit their holdings and do not create fresh positions go on holding them till the percentage of stocks above support remains more than 50%. __________________________________________________________________ Strong Futures This is list of 10 Strong Futures: Balrampur Chini, OFSS, Asian Paints, Mphasis, Dr Reddy, Yes Bank, Tcs, Polaris, Dabur & ITC. Weak Futures This is the list of 10 Weak Futures: Punj Lloyd, RCom, Idea, Unitech, Bharti Airtel, GTL Infra, TV-18, JP Hydro, Suzlon & Aban Off shore. _____________________________________________ Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email. ________________________________________________________________   |
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