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| Posted: 01 Jun 2009 05:48 AM PDT Daily trend of the market is up. Even though market is heavily overbought, the upward rally is continuing. Technically a correction is needed but the readers who are long in Nifty since 20th March, may go on holding their longs till the trend remains in uptrend. ______________________________________________ Percentage above support Percentage of stocks above support is above 50%. Long term investors who bought deliveries on 20th March may go on holding the deliveries till the percentage above support remains above 50%.Part profit booking is recommended as market has become heavily overbought now. __________________________________________________________________ Strong Futures This is list of 10 Strong Futures: IVR Prime, Brigade, Ansal Infra, NIITL Ltd., Voltas, Hotel Leela, Indusind Bank, HCC, Unitech & Finan Tech Weak Futures This is the list of 10 Weak Futures: Sunpharma, Cipla, Dabur, Hind Uni Lvr, Tata Tea, Lupin, Bharti Airtel, Colpal, ITC & Dr.Reddy _____________________________________________ 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. __________________________________________________________________  |
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