Thursday, June 07, 2012

Outlook for 7th June 2012



The market has given a very good move upward and if it is able to break the important resistance then the market can 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 Kumar, Dena Bank, Pantaloon R, LT, SBI, Mcleodruss, Jet Airways, UCO Bank, IDFC & Orient Bank.

Weak Futures

This is list of 10 Weak Futures: OnMobile, BEML, Suzlon, Educomp, Orchid Chem, Tata Motors, NCC, Nagar Oil, Adani Power & IVRCL Infra.

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