Monday, June 07, 2010

Outlook for 8th June 2010

Daily trend of the market is up
Taking cues from global markets we witnessed a fall in our markets.
Trend of Indian stock market still remains up, but do expect volatility to remain 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, Vijaya Bank, Colpal, Uniphos, Dish TV, Federal Bank, Bank of Baroda, ONGC & Dr Reddy.
Weak Futures
This is the list of 10 Weak Futures: Grasim, Aban Off shore, Punj Lloyd, Tata Steel, Bhushan Steel, Suzlon, MLL, Hindalco, KS Oils & Ster.
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