Monday, May 15, 2006

May 15th, Analysis of Indian Stock Market

For 16th May, 2006
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It was a bad day today with all the stocks and metals like gold and silver crashing. If Nifty Spot closes below 3500 for one more day, then it will be better to quit the longs and stay out of the market for the time being.
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Strong & Weak futures
This is list of 10 Strong Future Stocks are Nagarjuna Fert, Dr. reddy, Indusind Bank, ifci Ltd, Alok Textile, Dabur, Allahabad Bank, Bob, Videocon & Pnb and this is the list of 10 Weak Future Stocks Sterlite Inds, Srf, Orchid Chem,Guj.amb, Jindal Stainless, Glaxo, Cummins Indial, Cesc Ltd & Patni Computer. 
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Daily Trend of Nifty
Nifty is in up trend.
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