Wednesday, April 06, 2005

April 7,2005 Trend of Indian Stock Market

For April 7th, 2005
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Trend is up from 2060.Keep stop loss of nifty 2045 spot as your closing stop loss for your long positions. We plan to increase our positions only once Nifty future closes above 2075. Overall Software is best. Till then small positions only.
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Strong & Weak futures
This is list of 10 Strong Future Stocks Icici Bank, Hcl Tech, Satyam, Mastek, Ongc, Itc, Reliance,Tcs, Bhel, Tata Tea, and this is the list of 10 Weak Future Stocks Pnb, Obc, Telco, Mtnl, M&M, Maruti, Tisco, Tata Power, Ubi, and Hdfc Ltd.
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Daily Trend of Nifty
Nifty is in uptrend now from the day it closed above 2060 spot on 1st April. We are long.
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