Sunday, May 22, 2011

Outlook for 23rd May 2011

Daily trend of the market is down
Market is taking a much needed conterrally. But as overall trend is still down, 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: Asian Paints, Hind Uni Lvr, Ranbaxy, Mundra Port, L&T, Titan, Bata India, Exide Ind, OFSS & Hero Honda.
Weak Futures
This is the list of 10 Weak Futures: Patni, Jindal Saw, Rel Media, SBI, GT Offshore, Punjlloyd, BalramPur Ch, Rcom, LITL & DCHL.
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