Monday, June 06, 2011

Outlook for 7th June 2011

Daily trend of the market is up
Market is still trading in a corrective mode, 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: Raymond, EKC, Asian Paints, Bata India, Alok Ind, Ranbaxy, MRPL, Dish TV, Mundra Port & L&T.
Weak Futures
This is the list of 10 Weak Futures: Sun TV, Tata Motors, DCHL, KS Oils, GMR Infra, NCC, LITL, Balrampur Ch, BEML & Orbit Corp.
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