Monday, April 27, 2009

Outlook for 28th april 2009

Daily trend of the market is up.
Market is overbought so it is better to remain cautious. As the clearing is approaching, it is expected that the market may become volatile
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: 31 Infotech, Aban, ABB, ACC, Aditya Birla, Adlabs Film, AIA Engi, Allahabad Bank, Alok Indust & APIL
Weak Futures
This is the list of 10 Weak Futures: ZEEL, Yes Bank, Wock Pharma, WWIL, Wipro, Wel Guj, Voltas, Vijay Bank, UNIPHOS & Uni Tech
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