Wednesday, April 14, 2010

Outlook for 15th April 2010

Daily trend of the market is up
Market is still 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, Purva, Ansal Infra, Voltas, Rel Infra, Nagarjuna Const, Rolta Ltd, TV-18, Crompton Greaves & Tata Steel.
Weak Futures
This is the list of 10 Weak Futures: BEL, Renuka, Tech Mahindra, Sail Ltd, ONGC, Hind Uni Lvr, Hind Petro, Dr Reddy, Maruti & Bajaj Hind.
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