Monday, April 02, 2012

Outlook for 2nd April 2012

Daily trend of the market is down
The counter rally has started on a very convincing note. We will have to wait and see whther this rally is able to bring the trend to up or not. So till the trend remains down, the readers may not create long positions and stay out of the market.
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Percentage above support
Percentage of stocks above support is marginally above 50%, but it is advisable for the readers to wait for a day or so more before creating positions in cash market
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Strong Futures
This is list of 10 Strong Futures: IVRCL, VIP Ind, Yes Bank, Bombay Dyeing, Sobha, Voltas, Century, Tech M, Bata India & Dish TV.
Weak Futures
This is the list of 10 Weak Futures: HDIL, SRE Infra, Finan Tech, MTNL, Suzlon, Renuka, Rcom, Hind Oil, Welcorp & Cairn..
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