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Outlook for 7th May 2009 Posted: 06 May 2009 06:24 AM PDT Daily trend of the market is up. The anticipation of the awaited result of stress test on Banking stocks in US has put a pressure on our market also. But technically market is overbought and needs to give a correction before going up again But as the trend of the market is still up, so 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% __________________________________________________________________ Strong Futures This is list of 10 Strong Futures: Havells, Bajaj Hind, Penin Land, TULIP, Kesoram Indu, Lic Housing, Suzlon, Icici Bank, Aurbindo Ph & HDIL Weak Futures This is the list of 10 Weak Futures: Sterling Bio, Bank Of India, BPCL, Hind Petro, Divi's Lab, Alok Text, Hind Unilvr, TTML, Wock Pharma & Educomp. _____________________________________________ 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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