Outlook for 12th June 2014

Daily trend of the market is up As market had become over bought so it is taking a much needed correction. butis moving in a good uptrend and has become overbought. But till overall trend remains up, the readers who had created long positions in Nifty on 9th May, may go on holding them till the trend remain up. ___________________________________________________________ Percentage above support Percentage of stocks above support is still above 50%, so the readers who had created long positions in cash market on 20th Feb may go on holding them till the percentage above support remains more than 50% . ________________________________________________________________ __ Strong Futures This is list of 10 Strong Futures: Unitech, The India Cemen, PTC, Reliance Capital, Havells, IDBI Bank, Union Bank, Ultra Tech Cem, Voltas & Syndicate Bank.. Weak Futures This is list of 10 Weak Futures: United Breweries, Zeel, ITC, N. United Spirit, M&M, Just Dial, DR. Reddy, Petronet, Adani Enterpris & Bank Of Baroda. ._________________________________________________________________ Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email. ________________________________________________________________