Thursday, May 09, 2013

Outlook for 9th May 2013



Market is steadily moving up. So 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: Rcom, Ibrealest, Hind Uni Lvr, Uniphos, MRF, Mc Dowell, Zeel, Indusind Bank, Dabur & Jain Irrigation.

Weak Futures

This is list of 10 Weak Futures: Chambal Fert, Albk, Mcleodruss, Opto Circuits, Infy, Wipro, IOB, NHPC, Andhra Bank & DLF.

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