Wednesday, June 01, 2005

June 1st,2005 Trend of Indian Stock Market

For June 2nd, 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. At the moment we have less interest in buying and would wait for the market to show weakness before we short. Caution is required here as market can be quite volatile here.
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Strong & Weak futures
This is list of 10 Strong Future Stocks are Titan Indus, Orchid Chem, Ranbaxy, Hind Lever, Tata Chemica, Matrix Lab, Maha seamles, Rel Capital, I-Flex, Tvs Motor and this is the list of 10 Weak Future Stocks Ispat Indus, Hindalco, Chennai Petro, National Allu, J & Kashmir Bank, Obc, Jindal Steel, Grasim, Andhra Bank & Lic Housing Fin.
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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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