Tuesday, June 02, 2015

Outlook for 2nd June 2015

Daily trend of the market is up
Market is again trading in a sideways zone, but as overall trend of the market is up, so the readers who had created longs on 21st May , may go on holding them till the trend remains 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 19th May may hold them till the percentage above support remains more than 50%.

Strong Futures
This is list of 10 Strong Futures: Dish TV, Ajanta Pharma, Page Industries, SRF, Hind Petro, BEL, Jubilant Food, BPCL, Karnataka Bank & Britannia Ind.
Weak Futures
This is list of 10 Weak Futures: Jindal Steel & Power, Tech Mahindra, Adani Power, JP Power, JP Associates, Sun Pharma, DLF, Adani Ports, Tata Motors & Shriram Trans.


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