Wednesday, June 10, 2009

Outlook for 11th June 2009

Daily trend of the market is up.
The marker has crossed its resistance of 4600 and is strong uptrend. So 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%..
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Strong Futures
This is list of 10 Strong Futures: Bajaj Hind, JP Hydro, BEML, MRPL, ABAN, Sobha, Voltas, Laxmi Mach, Parsvnath & S Kumar Synf.
Weak Futures
This is the list of 10 Weak Futures: Indian B, Bharti Airtel, PFC, Dabur, Axis Bank, Essar Oil, Star, PNB, Sterlin Bio & ITC.
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