Friday, April 20, 2012

Outlook for 20th April 2012

<u>Daily trend of the market is Up</u>
Market has crossed its first resistance and has come in uptrend, so the readers may create long positions in Nifty and hold them till the trend remains up.
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<u>Percentage above support</u>
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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<u>Strong Futures</u>
This is list of 10 Strong Futures: VIP Ind, Yes Bank, MC Dowell, Aurobindo Ph, Tata Motors, Voltas, Tech M, Bata India, Ranbaxy & Unitech.
<u>Weak Futures</u>
This is list of 10 Strong Futures: Infy, Idea, Rel Capital, BEML, OnMobile, Exide Ind, Suzlon, JSW Energy, GSPL & Bhel.
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