Tuesday, April 24, 2012

Outlook for 24th April 2012

<u>Daily trend of the market is down</u>
Market has broken its support and has again come in downtrend. so the readers who had bought Nifty on 20th may go quit them and then stay out of the market till the trend remain down.
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<u>Percentage above support</u>
Percentage of stocks above support is below 50%, so the readers who had been holding long positions in cash market may quit them and do not create any long positions  till percentage above support remains less than 50% .
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<u>Strong Futures</u>
This is list of 10 Strong Futures: VIP Ind, Yes Bank, Voltas, Tech M, Bata India, Mcleodruss, Unitech, Uniphos, Ranbaxy & IVRCL Infra.
<u>Weak Futures</u>
This is list of 10 Weak Futures: LITL, Rel Capital, Infy, Idea, Suzlon, JSW Energy, Adanient, Bhel, HCC & OnMobile.
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