Thursday, June 02, 2011

Outlook for 3rd June 2011

Daily trend of the market is up
Market has remained sideways the whole day, but as overall trend is up so 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: India, Ranbaxy, Mundra Port, Dabur, JP Power, Divis Lab, Asian Paints, Hind Uni Lvr, Sun Pharma & Dish TV.
Weak Futures
This is the list of 10 Weak Futures: Sun TV, DCHL, Tata Motors, GMR Infra, BEML, Pir Health, KS Oils, Rel Media, Rel Infra & Sobha.
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