Wednesday, May 23, 2012

Outlook for 24th May 2012



Market is very volatile and is continuing with its fall. But now it has become oversold so some counter rally is expected. And as the daily trend is still down the readers may stay out of the market and do 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, Delta Corp, Havells, Jubiland Food, Colpal, BPCL, IOC, Asian Paint, Hind Petro & Jet Airways.

Weak Futures

This is list of 10 Weak Futures: Orchid Chem, NCC, IVRCL Infra, Praj Ind, IRB, Sintex, Polaris, SRE Infra, Educomp & HDIL.

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