Tuesday, May 28, 2013

Outlook for 29th May 2013



Market is still continuing with its counter rally and the present trading zone is an important resistance which if broken convincingly may turn the trend to uptrend. 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.

___________________________________________________________

 

Percentage above support

Percentage of stocks above support is still below 50%, so the readers many not create long positions till the percentage above support remains less than 50%.

________________________________________________________________ __

Strong Futures

This is list of 10 Strong Futures: ADANIPOWER, SHRIRAM TRANS,CESC , Titan, Reliance Comm, LIC Housing, IndusInd Bank, Hero Moto,Idea Cellular and Havells.

Weak Futures

This is list of 10 Weak Futures: India Ceme, Ranbaxy, Punj Lloyd, DLF, Divi s Laborato, FRL,State Bank of India, IVRCL Limited, Bank of Indi and NMDC Limited.

.

_________________________________________________________________

 

Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.

________________________________________________________________

No comments: