Tuesday, May 05, 2015

Outlook for 6th May 2015

Daily trend of the market is down
Market is moving is a sideways zone and is very near its major resisitance. And as overall trend is still down so the readers who had quit their longs on 22nd April may stay out of the market and do not create any long positions till the trend remains down.
Percentage above support
Percentage of stocks above support is still below 50%, so the readers who had quit the long positions in cash market on 22nd April are advised not to create long positions till the percentage above support remains less than 50%.
Strong Futures
This is list of 10 Strong Futures: Sesa Sterlite, UPL, Aditya Birla, Adani Enterprises, ONGC, Tata Steel, Hindustan Zinc, Adani Ports and Special, Aurobindo Pharma & NMDC .
Weak Futures
This is list of 10 Weak Futures: Shriram Trans, JP Associates, Wockhardt, Exide Industries, Hexaware, UBI, Engineers India, HDFC, Bosch & Infosys .
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