Friday, May 04, 2012

Outlook for 4th May 2012

Market has again started falling down. Market is moving in a small sideways zone. And 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: Voltas, Tech M, Bata India, Mcleodruss, Unitech, Uniphos, Pantaloon R, TCS, IVRCL Infra & Century Text.
Weak Futures
This is list of 10 Weak Futures: IRB, NCC, IGL, Sintex, VIP Ind, Petronet, HCC, PFC, Polaris & India Info.
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