Sunday, May 20, 2012

Outlook for 21st May 2012



It seems that market may give us a small counter rally from current levels.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, Bata India, BPCL, Asian Paint, Delta Corp, Sesa Goa, IOC, NMDC & Hind Petro.

Weak Futures

This is list of 10 Weak Futures: Orchid Chem, IRB, GMR Infra, Sintex, IVRCL Infra, GVKPIL, SRE Infra, HDIL, Polaris & Patel Eng.

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