Outlook for 18th May 2012

Daily trend of the market is down

Market is still very volatile and is continuing its 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: Divis Lab, Colpal, BPCL, Asian Paint, Delta Corp, Dish TV, Video Ind, Max India, Mcleodruss & Bhushan Steel..

Weak Futures

This is list of 10 Weak Futures: Chem, Sintex, IRB, GMR Infra, IVRCL Infra, Praj Ind, Pantaloon R, HDIL, Polaris & SRE Infra.

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