Tuesday, April 03, 2012

Outlook for 3rd April 2012

Daily trend of the market is down
The rally is still continuing and is now at its first resistance, breaking of which may turn the trend to up. But 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 above 50%, so the readers may create long positions in cash market and hold them till the trend remain up
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Strong Futures
This is list of 10 Strong Futures: IVRCL Infra, VIP Ind, Yes Bank, Mcleodruss, Century Text, PTC, Bombay Dyeing, Jubiland Food, Dish TV & Godrej Ind..
Weak Futures
This is the list of 10 Weak Futures: HDIL, SRE Infra, Renuka, Welcorp, Finan Tech, OnMobile, Hindalco, Suzlon, Rcom & Orient Bank.
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