Wednesday, May 29, 2013

Outlook for 30th May 2013



Market is still continuing with its counter rally and is trading at its 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.

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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%.

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Strong Futures

This is list of 10 Strong Futures: Sun Pharma, Titan, CESC, Hero MotoCorp, SHRIRAM TRANS, COALINDIA, United Spirit, Idea Cellular, IndusInd Bank and Hindn Uni.

Weak Futures

This is list of 10 Weak Futures: India Cem, Ranbaxy Lab, HDIL, Punj Lloyd, Unitech,DLF, IVRCL, Opto Circuits, JSWENERGY and IFCI Ltd.

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