Saturday, June 17, 2006

June 17th, Analysis of Indian stock market

For 19th June, 2006
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We quit our shorts we made in morning. It is advisable to wait for volatility to reduce before we take next position. The current markets are not for ordinary investors. One can only take a selective position where stop loss is small and if we have to take some position at current levels, the stop loss will be too far. So better to wait.
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Strong & Weak futures 
This is list of 10 Strong Future Stocks are Indn.petroch, Bharti Tele-Vent, Indian Overseas, Strides Arcolab, Satyam Compu, Colgate Palm, Bharat Fo.co Shipping Cor, Bajaj Auto & Rel.inds and this is the list of 10 Weak Future Siemens Ltd, Indusind Bank, Orchid Chem, Chennai Petroleu, Srf Ltd, Century Text, Polaris Softwar, Neyveli Lignite, Arvind Mills & Essar Oils. 
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Daily Trend of Nifty
Nifty is in down trend.
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