Tuesday, May 03, 2011

Outlook for 4th May 2011

Daily trend of the market is down
The Market has a support at current levels where it may stay sideways. 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, Sintex Ind, Glaxo, Asian Paints, DCB, Hind Petro, Pir Health, Opto Circuit, ABB & Bata India.
Weak Futures
This is the list of 10 Weak Futures: IRB, Bank Of India, Patni, GVKPIL, IVRCL Infra, HDIL, IDFC, Unitech, Ibrealest & UCO Bank.
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