Wednesday, June 17, 2009

Outlook for 18th June 2009

Daily trend of the market is down.
Today the trend of the market has turned to downtrend so the the readers who are long in Nifty bought at approx.2800 since 20th March, may now quit their longs. Till the market does not come in uptrend, no buying is recommended in Nifty
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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 Mahindra, Bajaj Hind, Indus Ind Bk., JP Hydro, Auro Pharma, Jindal Steel, RNRL, JSW Steel, LIC Hous. Fin & ABB.
Weak Futures
This is the list of 10 Weak Futures: TCS, Jet Airways, Sterling Bio, India Info, G E Ship, DLF, RPL, GMR Infra, Ind Hotel & HDIL
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