Wednesday, April 29, 2009

Outlook for 29th April 2009

Daily trend of the market is up.
As the clearing is approaching, Expect the market to remain 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: KPIT, JP Associat, Penin Land, Lic Housing, TVS Motor, Purva, HDIL, Axis Bank, Wipro & 31Infotech
Weak Futures
This is the list of 10 Weak Futures: Alok Text, Titan, National Alum, Divi's Lab, ZEEL, Aban, Rolta, Power Grid, Ranbaxy & Hind Unilvr
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