Tuesday, April 30, 2013

Outlook for 30th April 2013



Market is trading in a sideways zone but till overall trend remains up, the readers who are holding longs in Nifty since 17th April may go on holding them.

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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, Ibrealest, Maruti, Idea, Indusind Bank, Auro Pharma, Uniphos, Uco Bank, Finan Tech & Apollo Tyres.

Weak Futures

This is list of 10 Weak Futures: Infy, Jindal Steel, Wipro, TCS, Hexaware, HCL Tech, NMDC, FRL, IOB & IVRCL Infra.

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