Tuesday, June 15, 2010

Outlook for 16th June 2010

Daily trend of the market is up
Market is still moving well in its uptrend momentum. So even though international markets are still in downtrend, readers who are long may hold the long positions in Nifty till the trend remains up.
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Percentage above support
Percentage of stocks above support is still above 50%, so the readers who have created positions in cash market may hold them till the percentage of shares above support remains above 50%. ________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: RNRL, RCOM, R Power, BRFL, Dish TV, Renuka, Rel Infra, TV-18, Rel Capita & Vijaya Bank.
Weak Futures
This is the list of 10 Weak Futures: Grasim, Aban Off shore, Punj Lloyd, KS Oils, BPCL, MTNL, Sesa Goa, MLL, Educomp & Bhushan Steel.
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