Wednesday, June 16, 2010

Outlook for 17th June 2010

Daily trend of the market is up
Market is still moving in a good uptrend and as markets worldwide are also coming in uptrend so the readers who had created long positions in Nifty on 15th June may go on holding the longs 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, LITL, Rel Capital, TTML, Renuka, Dish TV, GTL Infra & TV-18.
Weak Futures
This is the list of 10 Weak Futures: Grasim, Aban Off shore, Educomp, Tata Steel, MLL, Pir Health, Bhushan Steel, Finance Tech, Chennai Petro & BPCL.
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