Sunday, March 31, 2013

Outlook for 1st April 2013



Market is taking a counterrally but has a small resistance very nearby from where it may start its downward movement again. And as overall trend is still down so the readers may stay out of the market and do not create long position till the trend remains down.

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Percentage above support

Percentage of stocks above support is still below 50%, so the readers may not create long positions in cash market till the percentage above support remains below 50%.

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Strong Futures

This is list of 10 Strong Futures: Punjlloyd, GMR Infra, Opto Circuit, HCL Tech, Jub Food, IGL, Asian Paints, Hind Zinc, Ranbaxy & Dabur.

Weak Futures

This is list of 10 Weak Futures: HDIL, Rel Infra, IVRCL Infra, Pantaloon R, Welcorp, RPower, GVKPIL, Rel Capital, Adani Power & Sintex.

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