Daily Newsletter from crnindia.com

Daily Newsletter from crnindia.com

Outlook for 18th November 2009

Posted: 17 Nov 2009 05:03 AM PST

Daily trend of the market is down.
Nifty is taking strong resistance at 5050 levels and is unable to close above it convincingly. Hence we are still waiting for the market to come in uptrend, so till the market down not come in uptrend on daily charts, it is advisable not to create any long positions in Nifty.
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Percentage above support
Percentage of stocks above support now above 50%, so readers who had created long positions in deliveries on 12th November may go on holding them till the percentage remains above 50%
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Strong Futures
This is list of 10 Strong Futures: Recltd, Sesa Goa, Ashok Ley, Jindal Saw Steel, McDowell-N, Zeel, Finance Tech, M&M, Renuka & Neyveli Lignite.
Weak Futures
This is the list of 10 Weak Futures: Tata Comm, Idea, GTL Infra, India Cement, EKC, Bharti Airtel, GMR Infra, TTML, Sterling Biotech & Punj Lloyd
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