Friday, June 01, 2012

Outlook for 1st June 2012


Watch our Analyst (Neera Jain) discuss Nifty and other stocks at NDTV Profit on  1st June between 4 pm till 4.30 pm on programme Buy/Sell




Clearing is over and now we expect market to settle down. If the market is able to break the important resistance then it may come in uptrend. But till daily trend remains down the readers may stay out of the market and do not create any long positions and wait for the trend to turn to up.

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Percentage above support

Percentage of stocks above support is still below 50%, so the readers may not create any long positions till percentage above support remains less than 50%.

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Strong Futures

This is list of 10 Strong Futures: S Kumars, Jubilant Food, Asian Paint, South Bank, Dena Bank, Divis Lab, Adani Ports, GMDCLTD, Bombay Dyeing & Godrej Ind.

Weak Futures

This is list of 10 Weak Futures: NCC, IVRCL Infra, Orchid Chem, Tata Motors, OnMobile, Suzlon, Nagar Oil, ALBK, MC Dowell & BEML

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