Monday, May 30, 2011

Outlook for 31st May 2011

Daily trend of the market is down
Market is trading at major resistance which if broken will give fresh direction for the market. But till the overall trend remains down, the readers may stay away from the market and do not create any long positions.
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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: Ranbaxy, Sintex Ind, Dabur, Aisan Paints, Educomp, Divis Lab, Dish TV, Mundra Port, Bata India & LIC Housing.
Weak Futures
This is the list of 10 Weak Futures: KS Oils, NCC, Balrampur Ch, Jindal Saw, SBI, SRE Infra, Pir Health, Tata Global, Tata Motors & PFC.
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