Thursday, May 26, 2005

May 26,2005 Trend of Indian Stock Market

For May 27th, 2005
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We bought at 1975 Nifty and quit all our positions at 2040 Nifty Spot index and now we are nil. We plan to be nil and wait for right signals to take the position again. Market will test patience now, let us wait for right signals.
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Strong & Weak futures
New Stocks have been added in futures. So take care as some of these stocks do not have much volume. This is list of 10 Strong Future Stocks are Divi Lab, Indusind Bank, Titan, Ranbaxy, Matrix Laborator, Ballarpur Indus, Tata Chemica, Sun Pharma, Gnfc, Bhel and this is the list of 10 Weak Future Stocks Jindal Steel, Ispat Indus, Lic Housing, Uti Bank, Chennai Petro, Polaris, Hindalco, J & Kashmir Bank, Obc & Sterlite.
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Daily Trend of Nifty
Nifty is in up trend now from the day it closed above 1975 spot on 6th May. We quit our position on May 25 when nifty spot index touched 2040.
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