Tuesday, June 16, 2009

Outlook for 17th June 2009

Daily trend of the market is up.
Though more correction is needed in the market but it seems that the rally may continue 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: Tech M, Indusind Bank, Bajaj Hind, JP Hydro, MRPL, JSW Steel, Aurobindo Pharma,IDBI ,IFCI and RNRL.
Weak Futures
This is the list of 10 Weak Futures: Canara Bank, Reliance, GMR Infra, Naukri, RPL, India Info, Purva, Sterlin Bio, Jet Airways & TCS
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