Wednesday, May 22, 2013

Outlook for 22nd May 2013



Market is still continuing with its correction, we are waiting for it to be over before restarting its upward move.  But 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: ADANIPOWER,LIC Housing, Crompton Greaves, Indiabulls Rea, UCO Bank, RCOM,CESC Ltd., United Spirit, MRF Ltd and United Phos.

Weak Futures

This is list of 10 Weak Futures: Opto Circuits, Divi Lab, Hexaware Tech, FRL,Tech M,Oracle, Jindal Steel, GSPL, Wipro and PTC.

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