Tuesday, June 05, 2012

Outlook for 5th June 2012



Market is taking a much needed counterrally. But till daily trend remains down the readers may stay out of the market and do not create any long positions and wait for the trend to turn to up.

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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: S Kumars, IGL, Dena Bank, GSPL, Adani Ports, Divis Lab, Hind Petro, Zeel, BPCL & Vijaya Bank.

Weak Futures

This is list of 10 Weak Futures: OnMobile, NCC, Suzlon, Educomp, IVRCL Infra, Tata Motors, Sun TV, ALBK, Adani Power & BEML.

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