Monday, May 31, 2010

Outlook for 1st June 2010

Daily trend of the market is down
The counter rally is still continuing, but as the trend is still down, so the readers who had quitted their longs on 16th April, may stay out of the market and not create any long positions till the trend remains in downtrend.
___________________________________________________________
Percentage above support
Percentage of stocks above support is still below 50%, so it is advisable that the readers do ot create any positions in cash markets. We will wait for the market to come in uptrend and also the percentage of stocks above support to come above 50% before we start creating fresh long positions in cash market
________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: Federal Bank, UCO Bank, ONGC, Uniphos, Hind Petro, Dr Reddy, Vijaya Bank, Indian Bank, Tulip & BPCL.
Weak Futures
This is the list of 10 Weak Futures: Grasim, Aban Off shore, Punj Lloyd, Suzlon, MTNL, Idea, Mphasis, Tech Mahindra, Tata Steel & Triveni.
_________________________________________________________________

Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
________________________________________________________________

Sunday, May 30, 2010

Outlook for 31st May 2010

Daily trend of the market is down
Market is taking a good counter rally but as the trend is still down, so the readers who had quitted their longs on 16th April, may stay out of the market and not create any long positions till the trend remains in downtrend.
___________________________________________________________
Percentage above support
Percentage of stocks above support is still below 50%, so it is advisable that the readers do ot create any positions in cash markets. We will wait for the market to come in uptrend and also the percentage of stocks above support to come above 50% before we start creating fresh long positions in cash market
________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: Federal Bank, UCO Bank, ABB, Hind Petro, Dr Reddy, ONGC, Indian Bank, ITC, RECL & Power.
Weak Futures
This is the list of 10 Weak Futures: Grasim, Aban Off shore, Educomp, Idea, DCHL, MTNL, MLL, Tata Steel, Mphasis & Bhushan Steei.
_________________________________________________________________

Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
________________________________________________________________

Thursday, May 27, 2010

Outlook for 28th May 2010

Daily trend of the market is down
From its support market is taking a good counterrally. But as the trend is still down, so the readers who had quitted their longs on 16th April, may stay out of the market and not create any long positions till the trend remains in downtrend.
___________________________________________________________
Percentage above support
Percentage of stocks above support is below 50%, so the readers may not create any positions in cash markets. We will wait for the market to come in uptrend and also the percentage of stocks above support to come above 50% before we start creating fresh long positions in cash market
________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: Federal Bank, Hind Petro, ABB, UCO Bank, BPCL, ONGC, Bank of Baroda, Dr Reddy, Gail & R Power.
Weak Futures
This is the list of 10 Weak Futures: Grasim, Aban Off shore, Educomp, MLL, DCHL, Tech Mahindra, Idea, HDIL, MTNL & Triveni.
_________________________________________________________________

Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
________________________________________________________________

Wednesday, May 26, 2010

Outlook for 27th May 2010

Daily trend of the market is down
Market has taken good support and is going up. Some more counter rally is expected. But as the trend is still down, so the readers who had quitted their longs on 16th April, may stay out of the market and not create any long positions till the trend remains in downtrend.
___________________________________________________________
Percentage above support
Percentage of stocks above support is below 50%, so the readers may not create any positions in cash markets. We will wait for the market to come in uptrend and also the percentage of stocks above support to come above 50% before we start creating fresh long positions in cash market
________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: Federal Bank, RECL, ABB, UCO Bank, BPCL, Hind Petro, Pir Health, Gail, Lupin & Uniphos.
Weak Futures
This is the list of 10 Weak Futures: Grasim, Aban Off shore, Educomp, Sesa Goa, MLL, HDIL, Tata Steel, Patel Engineering, Hind Zinc & Sterlite.
_________________________________________________________________

Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
________________________________________________________________

Tuesday, May 25, 2010

Outlook for 26th May 2010

Daily trend of the market is down
Market is now oversold and is at major supports of 4900- 4950 from where some counterrally is expected. But as the trend is still down, so the readers who had quitted their longs on 16th April, may stay out of the market and not create any long positions till the trend remains in downtrend.
___________________________________________________________
Percentage above support
Percentage of stocks above support is below 50%, so the readers may not create any positions in cash markets and wait for the market to ocme in uptrend and also the percentage of stocks above support to come above 50%
________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: ABB, Federal Bank, Gail, BPCL, Hind Petro, Lupin, ONGC, Glaxo, Divi'S Lab & UCO Bank.
Weak Futures
This is the list of 10 Weak Futures: Aban Off shore, Educomp, Sesa Goa, HDIL, Ster, Hindalco, Tata Steel, DCHL, Moser Bear & Punj Lloyd.
_________________________________________________________________

Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
________________________________________________________________

Monday, May 24, 2010

Outlook for 25th May 2010

Daily trend of the market is down
Market is trying to take some counter rally but as overall market is weak, so is unable to go up. As the trend is still down, so the readers who had quitted their longs on 16th April, may stay out of the market and not create any long positions till the trend remains in downtrend.
___________________________________________________________
Percentage above support
Percentage of stocks above support is still above 50%, but as the markets are not looking very good so the readers who are holding their longs since 4th Market may now do partial profit booking and hold the rest with strict stoplosses
________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: Federal Bank, ABB, Hind Petro, Gail, UCO Bank, BPCL, Divi'S Lab, RECL, PFC & Titan.
Weak Futures
This is the list of 10 Weak Futures: Aban Off shore, Educomp, HDIL, Sesa Goa, MTNL, Tata Steel, Ster, Punj Lloyd, Moser Bear & Hindalco.
_________________________________________________________________

Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
________________________________________________________________

Wednesday, May 19, 2010

Outlook for 20th May 2010

Daily trend of the market is down
Global cues has started pulling the market down again but it has come near its major support so we do expect market to consolidate at current levels. But as the trend is still down, so the readers who had quitted their longs on 16th April, may stay out of the market and not create any long positions till the trend remains in downtrend.
___________________________________________________________
Percentage above support
Percentage of stocks above support is still above 50%, but as the markets are not looking very good so the readers who are holding their longs since 4th Market may now do partial profit booking and hold the rest with strict stoplosses
________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: Federal Bank, EKC, ABB, Titan, Tata Tea, Glaxo, DCB, Dena Bank, Hind Petro & Opto Circuits.
Weak Futures
This is the list of 10 Weak Futures: Aban Off shore, RNRL, MTNL, Educomp, Ster, Hind Zinc, Punj Lloyd, Idea, Tata Steel & Moser Baer.
_________________________________________________________________

Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
________________________________________________

Tuesday, May 18, 2010

Outlook for 19th May 2010

Daily trend of the market is down
Market took support and is taking a counter rally. But the trend is still down, so the readers who had quitted their longs on 16th April, may stay out of the market and not create any long positions till the trend remains in downtrend.
___________________________________________________________
Percentage above support
Percentage of stocks above support is still above 50%, but as the markets are not looking very good so the readers who are holding their longs since 4th Market may now do partial profit booking and hold the rest with strict stoplosses
________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: Glaxo, EKC, Titan, ABB, Federal Bank, Tata Tea, Dena Bank, UCO Bank, Pir Health & Ashok Ley.
Weak Futures
This is the list of 10 Weak Futures: Aban Off shore, RNRL, Educomp, MTNL, Tata Steel, Hind Zinc, Sesa Goa, Ster, Bajaj Hind & Bhushan Steel.
_________________________________________________________________

Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
________________________________________________________________

Monday, May 17, 2010

Outlook for 18th May 2010

Daily trend of the market is down
Market has taken a support near 5050 – 5000 level and may take some counter rally from here. Buy as the trend is still down, so the readers who had quitted their longs on 16th April, may stay out of the market and not create any long positions till the trend remains in downtrend.
___________________________________________________________
Percentage above support
Percentage of stocks above support is still above 50%, but as the markets are not looking very good so the readers who are holding their longs since 4th Market may now do partial profit booking and hold the rest with strict stoplosses
________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: EKC, Glaxo, Dena Bank, Ashok Ley, ABB, Tata Tea, UCO Bank, PFC, Titan & Vijaya Bank.
Weak Futures
This is the list of 10 Weak Futures:Aban Off shore, RNRL, Punj Lloyd, Educomp, Tata Steel, MTNL, Bhushan Steel, Renuka, RCOM & JP Associates.
_________________________________________________________________

Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
________________________________________________________________

Sunday, May 16, 2010

Outlook for 17th May 2010

Daily trend of the market is down
Market broke its sideways zone and has restated going down, so as the trend is still down, the readers who had quitted their longs on 16th April, may stay out of the market and not create any long positions till the trend remains in downtrend.
___________________________________________________________
Percentage above support
Percentage of stocks above support is still above 50%, but as the markets are not looking very good so the readers who are holding their longs since 4th Market may now do partial profit booking and hold the rest with strict stoplosses
________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: Glaxo, Ashok Ley, Titan, EKC, Lic house, India Hotel, Andhra Bank, HCL Tech, BPCL & Tata Tea.
Weak Futures
This is the list of 10 Weak Futures: Aban Off shore, RNRL, Renuka, Bajaj Hind, ABB, Balrampur Chini, Educomp, Sesa Goa, Tata Steel & Punj Lloyd.
_________________________________________________________________

Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
________________________________________________________________

Thursday, May 13, 2010

Outlook for 14th May 2010

Daily trend of the market is down
Market is still unable to come out of its sideways zone but as the trend is still down so the readers who had quitted their longs on 16th April, may stay out of the market and not create any long positions till the trend remains in downtrend.
___________________________________________________________
Percentage above support
Percentage of stocks above support is still above 50%, but as the markets are not looking very good so the readers who are holding their longs since 4th Market may now do partial profit booking and hold the rest with strict stoplosses
________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: Ashok Ley, Glaxo, EKC, India Hotel, Andhra Bank, Lic house, Titan, Uniphos, PFC & ICSA.
Weak Futures
This is the list of 10 Weak Futures: Idea, Bharti Airtel, Aban Off shore, ABB, Renuka, RCom, Educomp, Bajaj Hind, Balrampur Chini & Punj Lloyd.
_________________________________________________________________

Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
________________________________________________________________

Wednesday, May 12, 2010

Outlook for 13th May 2010

Daily trend of the market is down
Market is trading in a sideways zone but as the trend is still down so the readers who had quitted their longs on 16th April, may stay out of the market and not create any long positions till the trend remains in downtrend.
___________________________________________________________
Percentage above support
Percentage of stocks above support is still above 50%, but as the markets are not looking very good so the readers who are holding their longs since 4th Market may now do partial profit booking and hold the rest with strict stoplosses
________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: Ashok Ley, Glaxo, Ansal Infra, Andhra Bank, UCO Bank, India Hotel, Uniphos, Vijaya Bank, EKC & RECL.
Weak Futures
This is the list of 10 Weak Futures: Renuka, Idea, Balrampur Chini, Bajaj Hind, ABB, Bharti Airtel, Educomp, Aban Off shore, Punj Lloyd & India Cement.
_________________________________________________________________

Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
________________________________________________________________

Tuesday, May 11, 2010

Outlook for 12th May 2010

Daily trend of the market is down
After taking a counter rally market has restated going down. So the readers who had quitted their longs on 16th April, may stay out of the market and not create any long positions till the trend remains in downtrend.
___________________________________________________________
Percentage above support
Percentage of stocks above support is still above 50%, but as the markets are not looking very good so the readers who are holding their longs since 4th Market may now do partial profit booking and hold the rest with strict stoplosses
________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: Ansal Infra, Ashok Ley, Uniphos, Andhra Bank, Dish TV, UCO Bank, India Hotel, EKC, Tulip & Glaxo.
Weak Futures
This is the list of 10 Weak Futures: Renuka, Bajaj Hind, Balrampur Chini, ABB, Tech Mahindra, Aban Off shore, RCom, HDIL, Educomp & India Cement.
_________________________________________________________________

Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
________________________________________________________________

Monday, May 10, 2010

Outlook for 11th May 2010

Daily trend of the market is down
As expected market is taking a counter rally but as overall trend of the market is still down, so the readers who had quitted their longs on 16th April, may stay out of the market and not create any long positions till the trend remains in downtrend.
___________________________________________________________
Percentage above support
Percentage of stocks above support is still above 50%, but as the markets are not looking very good so the readers who are holding their longs since 4th Market may now do partial profit booking and hold the rest with strict stoplosses
________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: Ashok Ley, UCO Bank, Andhra Bank, DCB, Uniphos, Indian Bank, Ansal Infra, Pir Health, Vijaya Bank & Tulip.
Weak Futures
This is the list of 10 Weak Futures: RNRL, Balrampur Chini, Renuka, ABB, Bajaj Hind, Tech Mahindra, Aban Off shore, Educomp, India Cement & JP Associates.
_________________________________________________________________

Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
________________________________________________________________

Sunday, May 09, 2010

Outlook for 10th May 2010

Daily trend of the market is down
Market has support at current level so some counter rally is expected but as over all trend of the market is still down, so the readers who had quitted their longs on 16th April, may stay out of the market and not create any long positions till the trend remains in downtrend.
___________________________________________________________
Percentage above support
Percentage of stocks above support is still above 50%, but as the markets are not looking very good so the readers who are holding their longs since 4th Market may now do partial profit booking and hold the rest with strict stoplosses
________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: Ashok Ley, Pir Health, Andhra Bank, UCO Bank, DCB, ICSA, Indian Bank, Hind Petro, BPCL & Lupin.
Weak Futures
This is the list of 10 Weak Futures: RNRL, Balrampur Chini, Aban Off shore, Renuka, HDIL, ABB, Bajaj Hind, Ster, Educomp & Tech Mahindra.
_________________________________________________________________

Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
________________________________________________________________

Thursday, May 06, 2010

Outlook for 7th May 2010

Daily trend of the market is down
Market is taking support at current levels and some counter rally is expected but as over all trend of the market is still down, so the readers who had quitted their longs on 16th April, may stay out of the market and not create any long positions till the trend remains in downtrend.
___________________________________________________________
Percentage above support
Percentage of stocks above support is still above 50%, but as the markets are not looking very good so the readers who are holding their longs since 4th Market may now do partial profit booking and hold the rest with strict stoplosses
________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: Pir Health, Ashok Ley, ICSA, DCB, UCO Bank, Indian Bank, Andhra Bank, Vijaya Bank, Uniphos & EKC.
Weak Futures
This is the list of 10 Weak Futures: ABB, Balrampur Chini, Aditya Birla, Aban Off shore, Sesa Goa, HDIL, Tech Mahindra, Renuka, JP Associates & Tata Steel.
_________________________________________________________________

Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
________________________________________________________________

Wednesday, May 05, 2010

Outlook for 6th May 2010

Daily trend of the market is down
Market has taken some support at 5000- 5050 level and a small counter rally may come but as over all trend of the market is still down, so the readers who had quitted their longs on 16th April, may stay out of the market and not create any long positions till the trend remains in downtrend.
___________________________________________________________
Percentage above support
Percentage of stocks above support is still above 50%, but as the markets are not looking very good so the readers who are holding their longs since 4th Market may now do partial profit booking and hold the rest with strict stoplosses
________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: Indian Bank, DCB, UCO Bank, Andhra Bank, ICSA, Patni, Pir Health, Vijaya Bank, Uniphos & Ashok Ley.
Weak Futures
This is the list of 10 Weak Futures: Balrampur Chini, Renuka, ABB, Tech Mahindra, HDIL, JP Associates, Tata Steel, Bajaj Hind, Sun Pharma & Aditya Birla.
_________________________________________________________________

Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
________________________________________________________________

Tuesday, May 04, 2010

Outlook for 5th May 2010

Daily trend of the market is down
Market has started falling down, and as the global cues are still negative, so the readers who had quitted their longs on 16th April, may stay out of the market and not create any long positions till the trend remains in downtrend.
___________________________________________________________
Percentage above support
Percentage of stocks above support is still above 50%, but as the markets are not looking very good so the readers who are holding their longs since 4th Market may now do partial profit booking and hold the rest with strict stoplosses
________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: DCB, Indian Bank, Pir Health, UCO Bank, Andhra Bank, ICSA, Uniphos, Ashok Ley, Corp Bank & Cummins India.
Weak Futures
This is the list of 10 Weak Futures: Balrampur Chini, Renuka, Sesa Goa, ABB, HDIL, Tata Steel, Bajaj Hind, Triveni, Tech Mahindra & India Cement.
_________________________________________________________________

Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
________________________________________________________________

Monday, May 03, 2010

Outlook for 4th May 2010

Daily trend of the market is down
As the long term trend is still down and also the global cues are negative so the market is falling down. The readers who had quitted their longs on 16th April, may stay out of the market and not create any long positions till the trend remains in downtrend.
___________________________________________________________
Percentage above support
Percentage of stocks above support is still above 50%, but as the markets are not looking very good so the readers who are holding their longs since 4th Market may now do partial profit booking and hold the rest with strict stoplosses
________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: UCO Bank, Indian Bank, DCB, Uniphos, RNRL, Andhra Bank, Pir Health, ICSA, Vijaya Bank & Titan.
Weak Futures
This is the list of 10 Weak Futures: Renuka, ABB, Sesa Goa, Balrampur Chini, Triveni, HDIL, Sun Pharma, Tech Mahindra, Bajaj Hind & India Cement.
_________________________________________________________________

Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
________________________________________________________________

Sunday, May 02, 2010

Outlook for 3rd May 2010

Daily trend of the market is down
Market is remaining sideways but as there is strong resistance at current levels and also due to the negative global cues it is expected that the market may fall down in the coming trading sessions. So as the trend is still down, so the readers who had quitted their longs on 16th April, may stay out of the market and not create any long positions till the trend remains in downtrend.
___________________________________________________________
Percentage above support
Percentage of stocks above support is still above 50%, but as the markets are not looking very good so the readers who are holding their longs since 4th Market may now do partial profit booking and hold the rest with strict stoplosses
________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: Indian Bank, DCB, Andhra Bank, Uniphos, UCO Bank, LITL, Pir Health, Nagarjuna Const, RNRL & Cummins India.
Weak Futures
This is the list of 10 Weak Futures: Renuka, Balrampur Chini, Sun Pharma, Triveni, Tech Mahindra, Bajaj Hind, Idea, BEL, HDIL & Maruti.
_________________________________________________________________

Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
________________________________________________________________