Friday, April 12, 2013

Outlook for 12th April 2013



Market is taking a counter rally and is coming near its resistance. And as overall trend of the market is down since 19th March, so the readers may stay out of the market and do not create long positions 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: Rcom, Auro Pharma, Adani Ports, Biocon, Cipla, Lupin, Godrej Ind, Sun Pharma, HCL Tech & Arvind.

Weak Futures

This is list of 10 Weak Futures: IVRCL Infra, HDIL, Welcorp, Raymond, Sintex, Oriental Bank, Siemens, Tata Steel, Rel Infra & JP Power.

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