Free Newsletter for indian stock market with strong, weak stocks

For January 7th, 2005

Values as on 6th Jan 2005			Advances : 175 Declines : 630
Index	Open	High	Low	Close	From yesterday
Nifty Spot	2031.55	2035.65	1984.25	1994.45	-31.25(points)
Nifty Future Jan.	2025	2038.50	1987	1994.10	-31.15(points)
Cnx Midcap 200	2567.30	2581.30	2479.35	2533.10	-29.15(points)
Cnxit	2851	2883.75	2791	2827.90	-26.1(points)

The above values of Index are actual closings at 3:30 pm and not the averages.
We recd. a lot of emails and phone from people who said that they lost a lot of money. Here I would say that it the Greed factor & lack of discipline in their trading that they lost. One just can't go on trading without any strategy. I request you to have a look at the Daily Trading Results & Intraday Trading Results of Nifty Trading only and see if we can learn something from it. The level of Nifty we have been following all through in the Newsletter. A person trading intraday only or in long term can earn but the person who combines both gives all the losses.

Strongest & Weakest futures	Daily Trend of Nifty	Intraday Trend of Nifty & Future Stocks
This is list of 10 Strong Future Stocks Syndicate Bank, Pnb, Hero Honda, Boi, I-Flex, Acc, Gujarat Amb, Andhra Bank, Tcs, Bpcl and this is the list of 10 weak Future Stocks Hcl Tech, Satyam, Wipro, Mtnl, Sci, National Alum, Ongc, Dr. Reddy, Cnxit, Ipcl.	Market took all the resistance near 2040 only and came down. Overall trend of market is down. Our stoploss for any shorts will be 2100 only.	You may watch the intraday levels page now with your user name & password. To view the brief Technical Analysis of 20 active stocks and 32 other Futures

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