Sunday, May 29, 2011

Outlook for 30th May 2011

Daily trend of the market is down
Market has taken a good counter rally and is now trading at major resistance. 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: Dish TV, Educomp, Asian Paints, Mphasis, Ranbaxy, Mundra Port, Divis Lab, Dabur, Apollo Tyre & OFSS.
Weak Futures
This is the list of 10 Weak Futures: KS Oils, Balrampur Ch, Jindal Saw, Patni, SRE Infra, Aurobindo Ph, SBI, IRB, Pir Health & Orbit Corp.
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