Thursday, April 15, 2010

Outlook for 16th April 2010

Daily trend of the market is down
The market has closed below its important level and now the trend of the market is down. So the readers who had been holding their longs since 17th February may now quit the longs and stay away from the market.
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Percentage above support
Percentage of stocks above support is still 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, Ansal Infra, Pir Health, FSL, Divi'S Lab, Zeel, Rel Infra, GMR Infra, Titan & LITL.
Weak Futures
This is the list of 10 Weak Futures: BEL, Mc Dowell, Renuka, Hind Petro, Sail Ltd, Tech Mahindra, Maruti, ONGC, Orchid Chem & Punj Llyod.
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