Thursday, June 03, 2010

Outlook for 4th June 2010

Daily trend of the market is up
Market has closed in an uptrend. So now as the long term trend is up , the readers may create long positions in Nifty and hold them till the trend remain up.
___________________________________________________________
Percentage above support
Percentage of stocks above support is now above 50%, so the readers may create long positions in cash market and hold the longs till the percentage of shares above support remains above 50%
________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: ONGC, RCOM, UCO Bank, Nagarjuna Const, Vijaya Bank, Colpal, DCB, Federal Bank, Uniphos & Yes Bank.
Weak Futures
This is the list of 10 Weak Futures: Grasim, Aban Off shore, Punj Lloyd, Bhushan Steel, Suzlon, Tata Steel, MTNL, Triveni, Hindalco & Mphasis.
_________________________________________________________________

Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.
________________________________________________________________

No comments: