Daily Newsletter from crnindia.com

Daily Newsletter from crnindia.com

Outlook for 15th July 2009

Posted: 14 Jul 2009 06:17 AM PDT

Daily trend of the market is down.
Market is giving us the much needed counter rally but as the daily 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 below 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: Tulip, Grasim, PFC, Ambuja Cement, Sesa Goa, Colpal, Patni, Cipla, Gail & ITC
Weak Futures
This is the list of 10 Weak Futures: Orchid Chem, Nagar Fert, Adlabs Film, Praj Ind, Bajaj Hind, Chambal Fert, Ispat Ind, Essar Oil, Bhushan Steel & BRFL.
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