Tuesday, March 20, 2012

Outlook for 20th March 2012

u>Daily trend of the market is down
Market is moving down and has broken its first support which has turned the trend to down.so the readers who had created long positions in 14th March may now quit the longs and stay out till the trend remain downgo on holding them.
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Percentage above support
Percentage of stocks above support is now below 50%, so the readers who bought cash stocks on 7th March may quit the longs and do not create any long positions till the percentage of stocks above support remains less than 50%. ________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: VIP Ind, Yes Bank, Welcorp, Voltas, Havells, Uniphos, Mcleodruss, Bombay Dyeing, JSW Energy & Zeel.
Weak Futures
This is the list of 10 Weak Futures: Adanient, OnMobile, NMDC, HDIL, DCHL, NCC, Biocon, Essar Oil, Renuka & Educomp.

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