Outlook for 5th June 2014

Daily trend of the market is up Market is moving in a sideways consolidation mode. But as overall trend is still up, so 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: IDBI, India Bull Rea, Syndicate Bank, Reliance Capital, Unitech, Andhra Bank, The India Cemen, IRB Infra, IOB & Sesa Sterlite. Weak Futures This is list of 10 Weak Futures: DR.Reddy, HCL, Divi Lab, United Breweries, ITC, INFY, Wipro, ZEEL, TCS & Asian Paint. ._________________________________________________________________ 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. ________________________________________________________________