Thursday, May 28, 2009

Outlook for 29th May 2009

Watch our Analyst (Neera Jain) discuss various stocks at CNBC Awaaz on 29th May between 11 am till 12 noon on programme Sauda Aapka
Daily trend of the market is up.
Fresh clearing will start. And market is heavily overbought, so expect some expect in the market, but the readers who are long in Nifty since 20th March, may go on holding their longs till the trend remains in uptrend.
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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%.Part profit booking is recommended as market has become heavily overbought now.

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Strong Futures
This is list of 10 Strong Futures: Htmt Global, Ivrcl Infra, Redington,Brigade, Century Tex JP Hydro, Gitanjali, Parsvnath,Alok Text & Ansal Infra
Weak Futures
This is the list of 10 Weak Futures: Glaxo, Sun Pharma, Dabur, Bharti Airtel, Tata Tea, Hind Uni Lvr, Sterlin Bio, Cipla, Colpal & ITC
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