Monday, May 29, 2006

May 29th, Analysis of Indian stock market

For 30th May, 2006
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As market is taking resistance, we are still not able to see any clarity in the market so are unable to recommend anything in market. Best we can do is short NF in small quantity with closing stop loss of 3250 nifty spot.
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Strong & Weak futures 
This is list of 10 Strong Future Stocks are Karnataka Bank, Dabur, Ifci Ltd, Allahabad Bank, Hero Honda, Nagarjuna Fertil, Bob, Neyveli Lignite, Ge shipp.ltd & Tisco Ltd and this is the list of 10 Weak Future Orchid Chem, Srf Ltd, Divi's Laborator, Polaris Softwar, Century Text, Indn oil Cor, Bharat Fo.co, Jet Airways, Syndicate Bank & Abb Ltd. 
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Daily Trend of Nifty
Nifty is in down trend.
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