Sunday, July 05, 2009

Outlook for 6th July 2009

Daily trend of the market is down.
The market is expected to remain volatile but as it is still in downtrend, 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 __________________________________________________________________
Strong Futures
This is list of 10 Strong Futures: Edu Comp, Patel Eng, Tulip, LIC Housing Finance, Union Bank, Axis bank, GT Off Shore, Aurobindo Pharma, Hdfc & Colpal
Weak Futures
This is the list of 10 Weak Futures: Orchid Chem, Bharat Forge, Tata Motors, Nation Aluminium, Sterlin bio, Sun Pharma, BRFL, SRF, Moserbaer & Praj Ind..
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