Daily Newsletter from crnindia.com

Daily Newsletter from crnindia.com

Outlook for 2nd July 2009

Posted: 01 Jul 2009 05:39 AM PDT

Daily trend of the market is down.
The market is sideways and very volatile.
As the trend is still down so is it recommended that no long positions in Nifty be created till the market does not come in uptrend
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Percentage above support
Percentage of stocks above support is barely 50% so it is recommended that the long term investors do not create any fresh positions in deliveries and stay away __________________________________________________________________
Strong Futures
This is list of 10 Strong Futures: Edu Comp, Tulip, Patel Eng, Colpal, GT Off Shore, Axis Bank, Union Bank, Indus Ind Bank, Tech M & LIC Housing Finance
Weak Futures
This is the list of 10 Weak Futures: Ranbaxy, BRFL, Sterlin Bio, CESC, Nation Aluminium, India Cement, Tata Motors, Sun Pharma, Bharat Forge & Orchid Chem.
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