For May 4th, 2005
____________________________________________________________
Trend of Nifty is down. Go on holding your shorts of 1950 index. Stop loss will be 1975 only. We cover all our shorts at around Nifty 1850 Spot Index which is next major support of market. Tuesday Night is Fed meet so market will be volatile on Wednesday.
____________________________________________________________
Strong & Weak futures
This is list of 10 Strong Future Stocks I-Flex, Cipla, Bel, Arvind Mill, Hdfc, Acc, Gujarat Amb Cem, Itc, Bhel, Tata Tea and this is the list of 10 Weak Future Stocks Polaris, Bob, Tcs, National Alum, Syndicate Bank, Ubi, Canara Bank, Pnb, Boi and Dr. Reddy.
____________________________________________________________
Daily Trend of Nifty
Nifty is in down trend now from the day it closed below 2045 spot on 8th April. What we shorted around 2030,we covered our positions near 1910 index. And then again we went short around 1950.
_____________________________________________________________
Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
No comments:
Post a Comment