Sunday, May 15, 2011

Outlook for 16th May 2011

Daily trend of the market is down
Market is still sideways and moving in a very small range. 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.
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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: Exide Ind, Hind Uni Lvr, Bata India, OFSS, Ranbaxy, DCB, India Info, Hero Honda, Max India & Glaxo.
Weak Futures
This is the list of 10 Weak FuturesPatni, Renuka, SRE Infra, LITL, Bank Of India, GT Off Shore, On Mobile, IDFC, Jindal Saw & Vijaya Bank.
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