Saturday, June 05, 2010

Outlook for 7th June 2010

Daily trend of the market is up
Trend of Indian stock market is up but the fall in US markets overnight will see our markets opening much lower. Our trend remains up, but volatility is likely to stay for some time.
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Percentage above support
Percentage of stocks above support is above 50%, so the readers who have created long positions in cash market may hold the longs till the percentage of shares above support remains above 50%
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Strong Futures
This is list of 10 Strong Futures: RCOM, UCO Bank, Uniphos, Colpal, Federal Bank, Vijaya Bank, Purva, Dish TV, TV-18 & ONGC.
Weak Futures
This is the list of 10 Weak Futures: Grasim, Aban Off shore, Punj Lloyd, Bhushan Steel, Suzlon, Tata Steel, KS Oils, Mphasis, MLL & Triveni.
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