Wednesday, May 16, 2012

Outlook for 16th May 2012



Market is taking support at current level and may give a counter rally. But 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: Divis Lab, Colpal, Asian Paint, BPCL, Bhushan Steel, Sobha, Mphasis, Sesa Goa, Ruchi Soya & Hind Uni Lvr.

Weak Futures

This is list of 10 Weak Futures: NCC, IRB, Orchid Chem, Unitech, IVRCL Infra, GMR Infra, Sintex, GVKPIL, Adani Power & HDIL.

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