Thursday, May 10, 2012

Outlook for 10th May 2012



Market is unable to take support and is continuing the fall. So as the daily trend is still 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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Percentage above support

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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Strong Futures

This is list of 10 Strong Futures: Asian Paint, Bharat Forg, Ranbaxy, Ruchi Soya, Hind Uni Lvr, TCS, Titan, Cipla, BPCL & IOC.

Weak Futures

This is list of 10 Weak Futures: NCC, GVKPIL, HDIL, Rolta, Central Bank, Unitech, GMR Infra, JP Associate, LITL & Sintex.

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