Thursday, June 17, 2010

Outlook for 18th June 2010

Daily trend of the market is up
Market is still moving in a good 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, Rel Capital, MTNL, TTML, Rel Infra, TV-18, LITL & BRFL.
Weak Futures
This is the list of 10 Weak Futures: Grasim, Educomp, Chennai Petro, Pir Health, Tata Steel, Petronet, India Hotel, Tulip, JSW Steel & BPCL.
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