Monday, May 29, 2017

Outlook of Indian Stock Market for 30th May, 2017

Daily trend of Nifty is Up. Trend of Nifty had come in uptrend again on 24th April, 2017. We go on holding Nifty till trend is up. As far as cash stocks are concerned, the percentage support is still below 50% so we wait for it to come up so that we buy cash stocks again. Overall cash stocks are under performing. ______________________________________________________________________________________ Percentage of stocks came below 50% on Friday 20th May, 2017 , so the readers may not create long positions in cash market till the percentage of stocks above support remains less than 50%. Strong Futures This is list of 10 Strong Futures : PC JEWELLER, ITC, Escorts India, KAVERI SEED, Hindustan Unilever , Ashok Leyland, Motherson Sumi, Bharat Petroleum,IBULHSGFIN and South Indian Bank Weak Futures This is list of 10 Weak Futures: Sintex Industries, Reliance Comm, Reliance Infra, IFCI, Reliance Capital, MAX FINANCIAL, Bank of India, CG POWER AND INDUSTRIAL , IDBI BANK and Reliance Power ------------------------------------------------------------------------------------------------------------------------------------- Free Letter Disclaimer 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.

Sunday, May 28, 2017

Outlook of Indian Stock Market for 29th May, 2017

Daily trend of Nifty is Up. Trend of Nifty had come in uptrend again on 24th April, 2017. We go on holding Nifty till trend is up. As far as cash stocks are concerned, the percentage support is still below 50% so we wait for it to come up so that we buy cash stocks again. ______________________________________________________________________________________ Percentage of stocks came below 50% on Friday 20th May, 2017 , so the readers may not create long positions in cash market till the percentage of stocks above support remains less than 50%. Strong Futures This is list of 10 Strong Futures : Jindal Steel & Power, Hindustan Petroleum, Ashok Leylan, ITC, KAVERI SEED COMPANY, Jaiprakash Associates, Motherson Sumi, MindTree, ICICI BANK CG POWER Weak Futures This is list of 10 Weak Futures: Sintex Industries, Reliance Comm, Glenmark Pharma, Lupin, Cipla, Bank of India, MAX FINANCIAL, IDBI BANK, IFCI Ltd and Allahabad Bank. ------------------------------------------------------------------------------------------------------------------------------------- Free Letter Disclaimer 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.

Thursday, May 25, 2017

Outlook of Indian Stock Market for 26th May, 2017

Daily trend of Nifty is Up. Trend of Nifty had come in uptrend again on 24th April, 2017. As nifty was in uptrend, US markets had a near new high closing and US futures in the positive, markets were ready for a counter rally in Nifty as we were expecting. Cash stocks are still under performers. Eyes would remain on the US markets still as remember that cash stocks are not performing well in US also like in Indian markets. Fed going easy for rate hikes probably was the trigger of thursday rally. ______________________________________________________________________________________ Percentage of stocks came below 50% on Friday 20th May, 2017 , so the readers may not create long positions in cash market till the percentage of stocks above support remains less than 50%. Strong Futures This is list of 10 Strong Futures : MindTree, CG POWER AND INDUSTRIAL, ICICI BANK, INFIBEAM INCORPORATION, Hindustan Unilever, Jindal Steel & Power, Motherson Sumi, ITC, HDFC Bank and IndusInd Bank Weak Futures This is list of 10 Weak Futures: Sintex Industries, Dish TV India, Glenmark Pharma, Reliance Comm, IDBI BANK, Bank of India, Reliance Infra, IFCI, Lupin and Reliance Capital ------------------------------------------------------------------------------------------------------------------------------------- Free Letter Disclaimer 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.

Wednesday, May 24, 2017

Outlook of Indian Stock Market for 25th May, 2017

Daily trend of Nifty is Up. Trend of Nifty had come in uptrend again on 24th April, 2017. Nifty is still holding on though the overall market cash stocks have taken a heavy beating. If you see below, then our percentage stocks were below 50% on 20th May and the cash stocks fall has increased since then. Can we see a counter rally in Nifty on the clearing day on thursday?. It seems all eyes would be on US markets whether they can make a new closing high or not. ______________________________________________________________________________________ Percentage of stocks came below 50% on Friday 20th May, 2017 , so the readers may not create long positions in cash market till the percentage of stocks above support remains less than 50%. Strong Futures This is list of 10 Strong FuturesITC , Hindustan Unilever, ICICI BANK, Hero MotoCorp, Maruti Suzuki India, Motherson Sumi, HCL Technologies, HDFC Bank, Godrej Industries and MindTree Weak Futures This is list of 10 Weak Futures: Jaiprakash Associates, Bank of India, Reliance Comm, IDBI BANK, Reliance Infra, Jain Irrigation Systems , IFCI, Glenmark Pharma, BEML and RELIANCE DEFENCE ------------------------------------------------------------------------------------------------------------------------------------- Free Letter Disclaimer 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.

Tuesday, May 23, 2017

Outlook of the Indian Stock Markets for 24th May, 2017

Daily trend of Nifty is Up. Trend of Nifty had come in uptrend again on 24th April, 2017. Cash stocks are still under performing here in India though the US markets have been showing strength in last 3 trading days. It shows that our markets are weak. But if US markets make a new high, then sooner or later our markets might catch up again as Nifty is still in uptrend though breadth of the market it weak. 25th May is the monthly clearing, let us see how markets react till then. Trading on the US markets today would be keenly watched. ______________________________________________________________________________________ Percentage of stocks came below 50% on Friday 20th May, 2017 , so the readers may not create long positions in cash market till the percentage of stocks above support remains less than 50%. Strong Futures This is list of 10 Strong Futures: ITC, Hindustan Unilever, HCL Technologies, Hero MotoCorp , Container Corp of India, Motherson Sumi Sys, ICICI BANK, Maruti Suzuki,Bharti Airtel and CEAT Limited Weak Futures This is list of 10 Weak Futures: Jaiprakash Associates, Bank of India, Glenmark Pharma, INDO COUNT INDUSTRIES, Reliance Comm, BHARAT FINANCIAL, IFCI, Jain Irrigation Systems , STRIDES SHASUN and IDBI BANK. ------------------------------------------------------------------------------------------------------------------------------------- Free Letter Disclaimer 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.