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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. ___________________________________________________________ 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% __________________________________________________________________ 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 _________________________________________________________________ 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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