Thursday, June 09, 2005

June 9th,2005 Trend of Indian Stock Market

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