Monday, April 09, 2012

Outlook for 9th April 2012

Daily trend of the market is Up
Even though the trend is up but market is unable to sustain. So we are waiting for the correction to be over and start moving up again. So the readers may wait for the correction to be over before creating long positions in nifty.
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Percentage above support
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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Strong Futures
This is list of 10 Strong Futures: Infra, VIP Ind, Yes Bank, MC Dowell, Century Text, Voltas, Tech M, PTC, Ranbaxy & Bombay Dyeing
Weak Futures
This is list of 10 Strong Futures: , Suzlon, Opto Circuit, Welcorp, Renuka, Jindal Steel, Finan Tech, SRE Infra, Rcom & MTNL
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