Monday, April 12, 2010

Outlook for 13th April 2010

Daily trend of the market is up
Market is moving in a sideways consolidation zone but as the long term trend of the market is still up, so the readers who had created long positions in Nifty on 17th February, may hold them till the trend remains in uptrend.
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Percentage above support
Percentage of stocks above support is above 50%, so the readers who have created long positions in cash stocks may hold them till percentage of stocks above support remains more than 50%.
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Strong Futures
This is list of 10 Strong Futures: Sintex, India Cement, TV-18, Ansal Infra, Nagarjuna Const, Andhra Bank, Orient Bank, Voltas Ltd, Pir Health & Purva.
Weak Futures
This is the list of 10 Weak Futures: Renuka, BEL, Hind Petro, Tech Mahindra, BPCL, Bajaj Hind, HCL Tech, Hind Uni Lvr, Maruti & Dr Reddy.
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