For May 5th, 2005
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Trend of Nifty is down. Go on holding your shorts of 1950 index. Stop loss will be 1975 only. We cover shorts if Nifty spot closes above 1975. We can buy if it closes above it. If Nifty closes weak on Thursday i.e. even if below 1920 then we can short more.
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Strong & Weak futures
This is list of 10 Strong Future Stocks I-Flex, Cipla, Arvind Mill, Bel, Hdfc, Tata Tea , ITc, Tata Power, Hero Honda Gujarat Ambuja Cement and this is the list of 10 Weak Future Stocks Polaris, Bob, Tcs, National Alum, Tcs, Canara Bank, Grasim, Syndicate Bank, Dr. Reddy, Ubi and Icici Bank.
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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. What we shorted around 2030,we covered our positions near 1910 index. And then again we went short around 1950
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