Tuesday, May 31, 2011

Outlook for 1st June 2011

Daily trend of the market is up
Market has crossed its major resistance and has come in uptrend. So now the readers may create long positions in Nifty and hold them till the trend remain up.
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Percentage above support
Percentage of stocks above support is now above 50%, so the readers may create long positions in cash market and hold them till the percentage of stocks above support remains above 50%. ________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: Punjlloyd, Ranbaxy, Dish TV, S Kumar, Dabur, Mundra Port, Sintex Ind, Bata India, Asian Paints & Lupin.
Weak Futures
This is the list of 10 Weak Futures: KS Oils, Pir Health, Jindal Saw, Tata Global, NCC, Balrampur Ch, PFC, SBI, Core Protect & Tata Motors.
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