Monday, May 11, 2009

Outlook for 12th May 2009

Daily trend of the market is up.
The market is taking the much needed correction, but as the trend of the market is still up, so the readers who are long in Nifty since 20th March, may go on holding their longs till the trend remains in uptrend.
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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%. __________________________________________________________________
Strong Futures
This is list of 10 Strong Futures: Bhushan Steel, Bajaj Hind, Havells, TVS Motor, Auro Pharma, Tulip, JSW Steel, Jindal Saw, Penin Land & Triveni
Weak Futures
This is the list of 10 Weak Futures: Alok Text, India Cem., Sterlin Bio, Cipla, ACC, Hind Petro, Ambuja Cement, Rajesh Expo., BPCL & Hind UniLvr
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