Monday, April 25, 2005

April 26,2005 Trend of Indian Stock Market

For April 26th, 2005
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Trend of Nifty is down. Market still is in counter rally mode only. Whatever you shorted near 1950 Nifty, keep holding it. If market closes below 1920 on Tuesday, we may short more. Overall same position stands. __________________________________________________________________
Strong & Weak futures
This is list of 10 Strong Future Stocks Bel, Arvind MIll, Satyam, Guj Amb Cem, Maruti, Acc, Icici Bank, Telco, Bhel, Mtnl and this is the list of 10 Weak Future Stocks Tcs, Dr. Reddy, Ranbaxy, National Alum, Pnb, Obc, Bob, Boi, Can Bank and Tisco. ___________________________________________________________________
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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