Outlook for 17th May 2012

Daily trend of the market is down

Market is unable to take support and is very volatile. 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: BPCL, Asian Paint, Divis Lab, Colpal, Jubilant Food, Hind Petro, Bhushan Steel, Bajaj Auto, Ruchi Soya & Mphasis.

Weak Futures

This is list of 10 Weak Futures: Orchid Chem, Sintex, IRB, GMR Infra, GVKPIL, IVRCL Infra, HDIL, Praj Ind, SRE Infra & KTK Bank..

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