Tuesday, April 16, 2013

Outlook for 16th April 2013



Market is taking a small counter rally but overall the trend 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, IGL, MC Dowell, Hind Petro, Lupin, JP Associate, Opto circuits, UCO Bank & Sun Pharma.

Weak Futures

This is list of 10 Weak Futures: Infy, Welcorp, HDIL, Sail, Federal Bank, Sun TV, IVRCL Infra, FRL, Tata Steel & Siemens.

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