Friday, May 10, 2013

Outlook for 10th May 2013



Market has reached its next resistance and a correction is needed from here before the market can restart to move p again. But as overall trend is up sothe  readers who are holding longs in Nifty since 17th April 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, Ibrealest, Hind Uni Lvr, Uniphos, MRF, MC Dowell, R Power, Zeel, Indusind Bank & ITC.

Weak Futures

This is list of 10 Weak Futures: Jubilant Food, Chambal Fert, Opto Circuits, ALBK, Mcleodruss, Hexaware, Jindal Steel, IOB, Infy & IVRCL Infra.

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