Daily Newsletter from crnindia.com

Daily Newsletter from crnindia.com

Outllok for 3rd July 2009

Posted: 02 Jul 2009 05:26 AM PDT

Daily trend of the market is down.
The market is very volatile but is still in downtrend, 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, GT Off Shore, Patel Eng, Colpal, Tech M, Jindal Steel, Dabur, Union Bank & Axis Bank
Weak Futures
This is the list of 10 Weak Futures: Orchid Chem, Ranbaxy, Nation Aluminium, BRFL, Sun Pharma, CESC, Sterling Bio, Bharat Forge, Tata Motors & RNRL.
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