Daily Newsletter from crnindia.com

Daily Newsletter from crnindia.com

Outlook for 2nd September 2009

Posted: 01 Sep 2009 05:18 AM PDT

Daily trend of the market is up.
The market took resistance at 4720-4740 levels and started falling down and remained volatile. We have to wait for the correction to be over 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, Bhushan Steel, Tata Motors, DCHL, ICSA, Unitech Ltd, Ansal Infra, Tech Mahindra & Shree Renuka.
Weak Futures
This is the list of 10 Weak Futures: Sesa Tata Steel, Sesa Goa Ltd, Sail Ltd, ACC Ltd, JSW Steel, India Cements, Power Grid, BEL, MTNL & HCC..
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