Daily Newsletter from crnindia.com

Daily Newsletter from crnindia.com
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Outlook for 8th June 2009

Posted: 07 Jun 2009 12:23 AM PDT

Daily trend of the market is up.
Market seems to be going up strongly without giving the much needed correction. So the readers who are long in Nifty since 20th March, may go on holding their longs till the trend remains in uptrend.
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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.
As per the Delivery sms service our registered members have made a good profit since march 20th March till date.Check the performance till May here .
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Strong Futures
This is list of 10 Strong Futures: JP Hydro, Aban, Bajaj Hind, MRPL, S Kumar Syn, Rajesh Expo, Welguj, Omaxe, Sobha & IVRCL Infra
Weak Futures
This is the list of 10 Weak Futures: ITC,Sterlin Bio, Cipla, Sesa Goa, Dabur, Bharti Airtel, Relinace, Glaxo, Sunpharma, Lupin & GTL
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