Monday, May 21, 2012

Outlook for 22nd May 2012


Daily trend of the market is down

Market is trying to give a counterally but is still 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: Divis Lab, Bata India, Asian Paint, Colpal, BPCL, Sesa Goa, Delta Corp, IOC, Hind Petro & Bhushan Steel.

Weak Futures

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

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