Tuesday, May 10, 2011

Outlook for 11th May 2011

Daily trend of the market is down
The Market is still moving in a sideways zone. But as overall trend is down, so the readers may stay away from the market and do not create any long positions till the trend remains down.
___________________________________________________________
Percentage above support
Percentage of stocks above support is still below 50%, so it is recommended not to buy or hold deliveries till the percentage of stocks above support does not come above 50%. ________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: Bata India, Sintex Ind, Hind Uni Lvr, Exide Ind, India Info, Glaxo, Apollo Tyre, BPCL, DCB & MRPL.
Weak Futures
This is the list of 10 Weak Futures: IRB, SRE Infra, LITL, HDIL, Patni, GT Off shore, RCOM, Rel Media, Vijaya Bank & Bank Of India.
_________________________________________________________________

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.
________________________________________________________________

No comments: