Monday, May 07, 2012

Outlook for 7th May 2012



Market is very volatile and unable to take support. 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: Voltas, Tech M, Bata India, Mcleodruss, Unitech, Uniphos, IVRCL Infra, Century Text, TCS & Asian Paint.

Weak Futures

This is list of 10 Weak Futures: IRB, LITL, Sintex, NCC, VIP Ind, HCC, Finan Tech, Delta Corp, JSW Energy & HDIL.

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