Tuesday, June 21, 2005

June 20th,2005 Trend of Indian Stock Market

For June 21st, 2005
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When nifty spot closed above 2100, we have bought. As our target for quitting longs was Nifty spot 2150, we have quit all out positions and now we are out of the market. Please have patience now before we get new signals for trading.
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Strong & Weak futures
This is list of 10 Strong Future Stocks are Reliance Capital, Rel, Reliance, Jindal Stainless, Polaris, Titan Ltd, Satyam Comp, M&M, Infosys, Hcl Tech and this is the list of 10 Weak Future Stocks Guj Amba Cement, Ge Shipp, Sci, Ispat Indus, Lic Housing, Bel, Chennai Petro, Neyvelli, Vijaya Bank & Arvind Mill.
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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. We have bought again at 2100 nifty spot. We quit our new positions at 2150 spot on 20th June.
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