Outlook for 9th June 2014

Daily trend of the market is up Market is moving in a good uptrend and has become overbought. But as overall trend is still 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, Reliance Capital, Union Bank, Syndicate Bank, India Bull Rea, IDBI Bank, SAIL, Andhra Bank & IRB Infra. Weak Futures This is list of 10 Weak Futures: DR.Reddy, HCL Tech, INFY, United Breweries, ZEEL, Asian Paint, TCS, ITC, Divi Lab & Sun Pharma. ._________________________________________________________________ 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. ________________________________________________________________