Sunday, April 22, 2012

Outlook for 23rd April 2012

<u>Daily trend of the market is Up</u>
Market I very volatile but may may take support at current levels. So the readers who had boughjt Nifty on 20th may go on holding 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: MC Dowell, Aurobindo Ph, Tata Motors, Ranbaxy, Escorts, Apollo Tyre, MRF, Hero Motors, Divis Lab & ITC.
<u>Weak Futures</u>
This is list of 10 Weak Futures: IGL, Rel Capital, Infy, BEML, KS Oils, Suzlon, Idea, LITL, India Cement & Bhel.
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