Daily Newsletter from crnindia.com

Daily Newsletter from crnindia.com

Outlook for 3rd September 2009

Posted: 02 Sep 2009 05:14 AM PDT

Daily trend of the market is up.
The market has remained sideways today, it seems that the market may take some more correction before its starts to move up again. But as the daily trend 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, Shree Renuka, Tata Motors, Oracle Fin Serv, DCHL, Bhushan Steel, HCL Tech, India Bulls Retail, Unitech Ltd & Orchid Chem..
Weak Futures
This is the list of 10 Weak Futures: Goa Ltd, Tata Steel, India Cements, ACC Ltd, Sail Ltd, MTNL, JSW Steel, Indian Bank, Dr Reddy & PTC.
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