Thursday, March 28, 2013

Outlook for 28th March 2013



Market is still moving in a sideways zone and may take support at current level. But 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: GMR Infra, Ranbaxy, Jub Food, Asian Paints, Hind Uni Lvr, HCL Tech, Lupin, TCS, HDFC & ITC.

Weak Futures

This is list of 10 Weak Futures: IVRCL Infra, HDIL, Pantaloon R, Rel Infra, Rcom, Unitech, RPower, Auro Pharma, Welcorp & Rel Capital.

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