Monday, June 06, 2005

June 6th,2005 Trend of Indian Stock Market

For June 7th, 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. Nifty Spot did not close above 2100 so we have not bought anything yet. Patience is still being tested.
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Strong & Weak futures
This is list of 10 Strong Future Stocks are Reliance Capital, Titan, Cummins India Ltd, Indusind Bank, Tvs Motor, Aurobindo Pharma, Nicholas Pir, Matrix Labs, Gnfc Ltd, Colgate and this is the list of 10 Weak Future Stocks Ispat Indus, Hindalco, Chennai Petro, Grasim, Jindal Steel, Gail, Tisco, Hpcl, Jindal Stainless & 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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