Tuesday, April 14, 2009

Outlook for 15th April 2009

Daily trend of the market is up.
The markets are now over bought on short term so they do need to consolidate at current levels
Buy as the trend of the market is still up, so it is recommended that the readers who are long in Nifty since 20th March, may go on holding their longs
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Percentage above support
Percentage of stocks above support is above 50%. Long term investors who bought deliveries on 20th March may go on holding the deliveries till the percentage above support remains above 50%
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Strong Futures
This is list of 10 Strong Futures: Rolta, Essar Oil, Housing Dev, JSW Steel, Tata Motors, Hind Oil, Gitanjali Gems, Tata Steel, Suzlon Energy & Kpit
Weak Futures
This is the list of 10 Weak Futures: Hind Petrol, Hind Unilvr, PFC, Sterling Bio, Educomp, BPCL, Divi'S Lab, Power Grid, Colpal & Glaxo
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