Tuesday, April 23, 2013

Outlook for 23rd April 2013



Market has reached its first resistance from where a small correction is expected. But as overall trend is up, so the readers who are holding longs in Nifty may go on holding them till the trend remains up.

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Percentage above support

Percentage of stocks above support is still above 50%, so the readers who are holding longs in cash market may go on holding them till the percentage above support remains more than 50%.

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Strong Futures

This is list of 10 Strong Futures: Rcom, Unitech, Auro Pharma, Indusind Bank, Ibrealest, Orient Bank, Canara Bank, Apollo Tyres, Bank India & Axis Bank.

Weak Futures

This is list of 10 Weak Futures: Infy, Wipro, Mcleodruss, Tech M, FRL, Jub Food, TCS, HCL Tech, Ofss & Hexaware.

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