Wednesday, April 18, 2012

Outlook for 19th April 2012

Daily trend of the market is down
As market is near its resistance we may see some volatility in coming days. And as overall trend is still down, the readers may stay out of the market and do not create any long positions in Nifty till the trend remains down.
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Percentage above support
Percentage of stocks above support is above 50%, so the readers who are holding long positions in cash market may hold them till percentage above support remains more than 50% .
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Strong Futures
This is list of 10 Strong Futures: VIP Ind, Yes Bank, MC Dowell, Apollo Tyre, Sobha, Voltas, Tech M, Aurobindo Ph, Patel Eng & Bata India.
Weak Futures
This is list of 10 Strong Futures: Infy, Idea, Suzlon, Rel Capital, BEML, Exide Ind, Jain Irrigation, GSPL, Mphasis & Opto Circuit.
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