Daily trend of the market is up.
As the market had become overbought on short term, so it is giving the much needed correction for it to move up again.
But as the trend of the market is still up, so it is recommended that the readers who are long in Nifty since 20th March, may go on holding their longs
______________________________________________
Percentage above support
Percentage of stocks above support is above 50%. Long term investors who bought deliveries on 20th March may go on holding the deliveries till the percentage above support remains above 50%
__________________________________________________________________
Strong Futures
This is list of 10 Strong Futures: Essar Oil, Unitech, Gitanjali, S Kumar Syn, HCC, 31 Infotech, Polaris, CMC, Rolta & IOB
Weak Futures
This is the list of 10 Weak Futures: Sterling Bio, National Alum, Divi's Lab, Cairn, NTPC, Hind Unilvr, BEL, Hind Petro, ITC & Colpal
_____________________________________________
Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
________________________________________________________________
No comments:
Post a Comment