Thursday, April 21, 2005

April 22nd,2005 Trend of Indian Stock Market

For April 22nd, 2005
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Trend of Nifty is down. Market still is in counter rally mode only. It is taking support near 1900 index. The day it closes below 1900 will the next fall start. Whatever you shorted near 1950 Nifty, keep holding it. If market closes below 1920 on Friday, we may short more.
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Strong & Weak futures
This is list of 10 Strong Future Stocks Bel, Arvind MIll, Itc, Guj Amb Cem, Maruti, Telco, Acc, Tata Power, Bajaj Auto, Bhel and this is the list of 10 Weak Future Stocks Tcs, Obc, Cnxit, Bob, Infosys, Canara Bank, Wipro, Mastek, M&M and Ranbaxy.
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Daily Trend of Nifty
Nifty is in down trend now from the day it closed below 2045 spot on 8th April. We had covered our positions near 1910 index
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