Monday, May 28, 2012

Outlook for 29th May 2012



Market is taking a good counter rally and now is very near to its major resistance. But 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: Jubliant Food, Havells, Divis Lab, Bata India, Asian Paint, Delta Corp, SBIN, Ranbaxy, IDFC & Apollo Tyres.

Weak Futures

This is list of 10 Weak Futures: Orchid Chem, NCC, IVRCL Infra, OnMobile, Educomp, IRB, BEML, Nagar Oil, Maruti & GVKPIL.

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