Daily Newsletter from crnindia.com

Daily Newsletter from crnindia.com

Outlook for 1st September 2009

Posted: 31 Aug 2009 06:22 AM PDT

Daily trend of the market is up.
As the market had become overbought so it had come down for some correction. We may see some more correction before the market starts its upward movement again, but as the daily trend of nifty is still up so the readers who have created long positions in Nifty may go on holding the long positions till the trend remains in uptrend.
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Percentage above support
Percentage of stocks above support is above 50% , so the readers who have invested in deliveries may go on holding them till the percentage of stocks above support remains more than 50%. __________________________________________________________________
Strong Futures
This is list of 10 Strong Futures: Aban Off shore, India Bulls Retail, Ansal Infra, DCHL, Unitech Ltd, Bhushan Steel, ICSA, Praj Industry, Recltd & GSPL
Weak Futures
This is the list of 10 Weak Futures: Sesa Goa Ltd, Tata Steel, Colpal, Hind Uni Lvr, Federal Bank, Dabur India, Power Grid, Dr Reddy, Sail Ltd & GTL.
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