Monday, June 15, 2009

Outlook for 16th June 2009

Daily trend of the market is up.
As the market was heavily overbought so it coming down for a much needed correction, 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%..
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Strong Futures
This is list of 10 Strong Futures: Rnrl, Bajaj Hind, Aurobindoph Phrama, JSW Steel, Tech M, Satyam Comp, Sesa goa, Redington, JP Hydro & S Kumar Sy.
Weak Futures
This is the list of 10 Weak Futures: Geship, SBIN, CESC, Gail, PNB, Sterlin Bio, BPCL, Star, Hind Petro & Canara Bank
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