Thursday, June 18, 2009

Outlook for 19th June 2009

Daily trend of the market is down.
The trend of the market is in downtrend so is it recommended no long positions in Nifty be created till the market does not come in uptrend
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Percentage above support
Percentage of stocks above support is 50%. Long term investors who bought deliveries on 20th March may quit their deliveries and no fresh investment is recommended till the the percentage above support down not come above 50%..
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Strong Futures
This is list of 10 Strong Futures: Tech Mahindra, Indus Ind Bank, Bajaj HInd, M Phasis, Auro Pharma, IDBI, LIC Housing In., Central Bank, GT Off Shore.
Weak Futures
This is the list of 10 Weak Futures: TCS, Jet Airways, HDIL, Sterling Bio, Ind Hotel, Purva, India Info, G E Ship, Praj Ind & NDTV
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