Sunday, June 27, 2010

Outlook for 28th June 2010

Daily trend of the market is up
The market is taking some more correction but as the trend is still up, 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: Hind Petro, GTL Infra, BPCL, BRFL, RCOM, RNRL, Orchid Chem, Dish TV, ONGC & Bajaj Auto.
Weak Futures
This is the list of 10 Weak Futures: Grasim, HCL Tech, DCHL, Corp Bank, India Cement, Mphasis, PFC, PTC, Orient Bank & Hind Zinc.
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