Friday, April 27, 2012

Outlook for 27th April 2012

<u>Daily trend of the market is down</u>
Market is still moving down , but now as the clearing is over so it may give a counter rally. But as the daily trend is down the readers may then stay out of the market and so not create any long positions till the trend remain down.
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<u>Percentage above support</u>
Percentage of stocks above support is still below 50%, so the readers may 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: Ind, Yes Bank, Welcorp, MC Dowell, Voltas, Tech M, Bata India, Mcleodruss, Unitech & IVRCL Infra.
<u>Weak Futures</u>
This is list of 10 Weak Futures: LITL, HCC, India Info, JSW Energy, India Cement, Petronet, OnMobile, Delta Corp, Sintex & Polaris..
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