Tuesday, June 07, 2011

Outlook for 8th June 2011

Daily trend of the market is up
After the taking the correction, market has started going up again. 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: HDIL, Bata India, Karnataka Bank, EKC, Asian Paints, India Info, Sun Pharma, Havells, Raymond & JP Power.
Weak Futures
This is the list of 10 Weak Futures: Sun TV, Tata Motors, GMR Infra, KS Oils, BEML, Pir Health, DCHL, NCC, LITL & TV 18.
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