Thursday, May 21, 2009

Outlook for 22nd May 2009

Watch our Analyst (Neera Jain) discuss various stocks at CNBC Awaaz on 22nd May between 11 am till 12 noon on Programme Sauda Aapka
Daily trend of the market is up.
As the markets is overbought so some more correction is still expected But 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: IVR Prime, HDIL, Patel Eng, Finan Tech, Sobha, HTMT Global, Parsvnath, Aban, India Info & Hinduja Ven
Weak Futures
This is the list of 10 Weak Futures: Cipla, ITC, Glaxo, Colpal, Sterlin Bio, Hindu Uni Lvr, Infosys Tch, Tata Tea & GTL
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