Thursday, May 21, 2015

Outlook for 22nd May 2015

Daily trend of the market is Up
Market has moved sideways the whole day, but as overall trend of the market is up, so the readers who had created longs on 21st May , may go on holding them till the trend remains up.

Percentage above support Percentage of stocks above support is still above 50%, so the readers who had created long positions in cash market on 19th May may hold them till the percentage above support remains more than 50%.

Strong Futures
This is list of 10 Strong Futures: Jubilant Food, Adani Enterprises, Strides Arcolab, UPL, Eicher Motors, Vedanta, Bajaj Auto, UltraTech, Jain Irrigation & UBI
Weak Futures
This is list of 10 Weak Futures: JP Power, JP Associates, Shriram Trans, DLF, Arvind, NTPC, Cairn, BOB, GMR Infra & Jindal Steel & Power


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