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Daily Newsletter from crnindia.com

Daily Newsletter from crnindia.com


Outlook for 31st July 2009

Posted: 30 Jul 2009 06:29 AM PDT

Daily trend of the market is up.
Clearing is over and market is now expected to resume its rise, so the readers who sre long in Nifty bought on 16th July may go on holding them till the trend does not turn to down.
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Percentage above support
Percentage of stocks above support is more than 50% so the long term investors who have created positions in deliveries may hold them till the percentage support remains more than 50%

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Strong Futures
This is list of 10 Strong Futures: DCHL, Patni, MPHASIS, GSPL, Tata Motors, Rolta, Jindal Saw, RECL, Bharat Forg & Maruti
Weak Futures
This is the list of 10 Weak Futures: EKC, SunPharma, ABB, Reliance, RPL, BRFL, IVRCL Infra & National Aluminium
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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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Outlook for 30th July 2009

Posted: 29 Jul 2009 07:11 AM PDT

Daily trend of the market is up.
Market had been very volatile, but has good support near 4450.It is expected that market may remain volatile as clearing is approaching but overall trend is still up, so the readers who are long in Nifty bought on 16th July may go on holding them till the trend does not turn to down.
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Percentage above support
Percentage of stocks above support is more than 50% so the long term investors who have created positions in deliveries may hold them till the percentage support remains more than 50%

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Strong Futures
This is list of 10 Strong Futures: DCHL, Bharat Forg, Tata Motors, Jintal Saw, Maruti, GSPL, Jindal Steel, Renuka, Polaris & Rolta
Weak Futures
This is the list of 10 Weak Futures: India Cemt, Ivrcl Infrast, Bank of India, ABB, Union Bank, EKC, BRFL, RPL, IDFC & Sun Pharma
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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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