Wednesday, June 08, 2005

June 8th,2005 Trend of Indian Stock Market

For June 9th, 2005
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As nifty spot closed above 2100 on Tuesday, we have bought nifty and stocks. Have a stop loss of nifty spot 2060 for your long positions.
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Strong & Weak futures
This is list of 10 Strong Future Stocks are Reliance Capital, Cummins India Ltd, Indian Overseas Bank, Cesc Ltd, Gnfc Ltd, Boi, Rel, Indusind Bank, Ashok Ley, Orchid Chem and this is the list of 10 Weak Future Stocks Ispat Indus, Chennai Petro, Tisco, Hindalco, Bpcl, Jindal Steel, Grasim, Jindal Stainless, Hpcl & Gail.
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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.
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