Monday, June 27, 2011

Outlook for 28th June 2011

Daily trend of the market is down
Market has crossed its resistance and now has come in uptrend. So the readers may create long positions in Nifty and hold them till the trend remains up.
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Percentage above support
Percentage of stocks above support is below 50%, so the readers had been holding longs in cash market may quit them and do not create fresh long positions till the percentage of stocks above support remains below 50%. ________________________________________________________________ __
Strong Futures
This is list of 10 Strong Futures: Dish Dish TV, Hind Petro, Karnataka Bank, India Info, Godrej Ind, Yes bank, Adanient, L&T, Power Grid & BPCL.
Weak Futures
This is the list of 10 Weak Futures: Titan, Global, GTL Infra, LITL, KS Oils, India Cement, GVKPIL, S Kumars, Tata Comm & Unitech.
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