Wednesday, June 08, 2011

Outlook for 8th June 2011

Daily trend of the market is up
Market has remained volatile today, but as overall trend is still 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: Bata India, Dish TV, Raymond, Karnataka Bank, Havells, Hexaware, Asian Paints, HDIL, S Kumars & EKC.
Weak Futures
This is the list of 10 Weak Futures: Sun TV, KS Oils, Tata Motors, DCHL, GMR Infra, LITL, Pir Health, BEML, Jain Irrigation & Hindalco.
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