Tuesday, June 14, 2011

Outlook for 15th June 2011

Daily trend of the market is up
Market has come out of its sideways zone and has restarted going up. So as overall trend is still up, the readers who have created long positions in Nifty may go on holding them till the trend remains up.
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Percentage above support
Percentage of stocks above support is still above 50%, so the readers are holding long positions in cash market may go on holding them till the percentage of stocks above support remains above 50%. ________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: Punjlloyd, Titan, Karnataka Bank, Bata India, Max India, Alok Ind, Dish TV, Raymond, IRB & Divis Lab.
Weak Futures
This is the list of 10 Weak Futures: Sun TV, KS Oils, Bhushan Steel, Tata Motors, DCHL, Escorts, LITL, STR Tech, Jain Irrigation & BEML
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