Thursday, June 25, 2009

Outlook for 26th June 2009

Watch our Analyst (Neera Jain) discuss various stocks at CNBC Awaaz on 26th June between 11 am till 12 noon on programme Sauda Aapka
Daily trend of the market is down.
The market could not cross its resistance level and started falling down, so as the trend is still down so is it recommended that 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 barely 50% so it is recommended that the long term investors do not create any fresh positions in deliveries and stay away till the percentage above support down not come above 50%..
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Strong Futures
This is list of 10 Strong Futures: JP Hydro, Aurobindo Pharma, Edu Comp, Indus Ind Bank, Central Bank, LIC Housing Finance, Biocon, IDBI, IVRCL Infra & Tech M..
Weak Futures
This is the list of 10 Weak Futures: National Aluminum, GMR Infra, Escorts, Net Work 18, Amtek Auto, NDTV, Bharat Forge, Orchid Chem, Jet Airways & TCS.
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