Tuesday, May 28, 2013

Outlook for 28th May 2013



Market is giving a much needed counter rally and has reached its first resistance. But as overall trend is down, so the readers may stay out of the market an d do not creates long positions till the trend remains down.

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Percentage above support

Percentage of stocks above support is now below 50%, so the readers who are holding longs in cash market may now quit them and do not create long positions till the percentage above support remains less than 50%.

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Strong Futures

This is list of 10 Strong Futures: Adani Power, Rcom, Indusind Bank, MC Dowell, Kotak Bank, LIC Hsg, Uco Bank, CESC, Ibrealest & MRF.

Weak Futures

This is list of 10 Weak Futures: India Cement, Punjlloyd, Opto Circuits, HDIL, GSPL, DLF, FRL, Ranbaxy, JP Associate & Bank India

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