Wednesday, May 15, 2013

Outlook for 15th May 2013



Market has given a much needed correction and have reached its support from where the market may restart its upward mov. And  as overall trend is  still up so the  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, Uco Bank, Hind Uni Lvr, MRF, Uniphos, Zeel, Lupin, CESC, Colpal & Ibreales.

Weak Futures

This is list of 10 Weak Futures: Opto Circuits, Chambal Fert, ALBK, Jindal Steel, GSPL, Hexaware, Coal India, DLF, IOB & Apollo Tyres.

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