Wednesday, May 11, 2011

Outlook for 12th May 2011

Daily trend of the market is down
We are waiting for the Market to come out of its sideways zone and give fresh direction. But as overall trend is still 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, Max India, Exide Ind, Raymond, Hind Uni Lvr, DCB, ABB, MRPL, Petronet & Glaxo.
Weak Futures
This is the list of 10 Weak Futures: IRB, SRE Infra, LITL, Patni, Bank Of India, OnMobile, Renuka, IDFC, Patel Eng & HDIL.
_________________________________________________________________

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: