Monday, May 20, 2013

Outlook for 20th May 2013



Market is continuing with its good uptrend. So as overall trend is  still up, 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: Ibrealest, Siemens, Uco Bank, Rcom, Adani Port, LIC Housing Fin, Lupin, Cromp Greave, GMR Infra & Kotak Bank.

Weak Futures

This is list of 10 Weak Futures: Opto Circuits, OFSS, Hexaware, Tech M, NMDC, GSPL, Wipro, HCL Tech, IGL & Chambal Fert.

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