Monday, March 27, 2017

Outlook of Indian Stock Market for 28th March, 2017

Daily trend of Nifty is up

Our trend of Nifty came in uptrend on 30th December, 2016 closing.
Trend of Nifty is still up. 9000 spot index is the last major support of Nifty and till index is above these levels, markets are expected to move up as trend is up. Overall situation worldwide is that markets have had a good distribution at higher levels so best we expect is a sideways consolidation rather than a one side rally as was happening. We hold our longs till the time trend is up. Strangely another observation going on in the market is that bonds have made a somewhat bottom and after a consolidation are moving up whereas stocks are doing opposite. With a breach of a Head and Shoulder formation on the dollar index, even the precious metals are doing much better internationally. (Rupee for a change is showing good strength.)
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Percentage of stocks came above 50% on 1st  January, and are still above 50% and till then we keep holding the deliveries.

Strong Futures

This is list of 10 Strong Futures: Jet Airways, Oriental Bank of Commerce, Rural Electrification, MRF, Sintex Industries, Bank of India, Apollo Tyres, CG POWER AND INDUSTRIAL, INDO COUNT INDUSTRIES and CEAT
Weak Futures

This is list of 10 Weak Futures: Idea Cellular, Divi s Laboratories, Jaiprakash Associates, Jindal Steel & Power, The India Cements, JSW STEEL LIMITED, Ashok Leyland, Tata Communications, Apollo Hospitals and Bharti Airtel
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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.

Friday, March 24, 2017

Outlook of Indian Stock Market for 27th March, 2017

Daily trend of Nifty is up

Our trend of Nifty came in uptrend on 30th December, 2016 closing.
Trend of Nifty is still up. 8950 spot index is the last major support of Nifty and till index is above these levels, markets are expected to move up as trend is up. Overall situation worldwide is that markets have had a good distribution at higher levels so best we expect is a sideways consolidation rather than a one side rally as was happening. We hold our longs till the time trend is up.
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Percentage of stocks came above 50% on 1st  January, and are still above 50% and till then we keep holding the deliveries.

Strong Futures

This is list of 10 Strong Futures: Oriental Bank of Commerce, INDO COUNT INDUSTRIES, Jet Airways (India), Rural Electrification, CG POWER AND INDUSTRIAL , Apollo Tyres, MAHINDRA & MAHINDRA FINA, MRF, KAVERI SEED COMPANY and CEAT
Weak Futures

This is list of 10 Weak Futures: Divi s Laboratories, Idea Cellular,Axis bank, Jaiprakash Associates, Dr. Reddys Lab, Apollo Hospitals, BhartiAirtelJindal Steel & Power, TATA CONSULTANCY SERV and Tata Communications
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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, March 23, 2017

Outlook of Indian Stock Market for 24th March, 2017

Daily trend of Nifty is up

Our trend of Nifty came in uptrend on 30th December, 2016 closing.
Trend of Nifty is still up. 8950 spot index is the last major support of Nifty and till index is above these levels, markets are expected to move up as trend is up. Overall situation worldwide is that markets have had a good distribution at higher levels so best we expect is a sideways consolidation rather than a one side rally as was happening. We hold our longs till the time trend is up.
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Percentage of stocks came above 50% on 1st  January, and are still above 50% and till then we keep holding the deliveries.

Strong Futures

This is list of 10 Strong Futures: INDO COUNT INDUSTRIES, MRF, Reliance Capital, CEAT Limited, Apollo Tyres, Jet Airways (India), Tata Global Beverages, Oriental Bank of Commerce, Torrent Power and Hindustan Zinc
Weak Futures

This is list of 10 Weak FuturesDivi s Laboratories Limi, Idea Cellular, Jaiprakash Associates, Punjab National Bank, Bharti Airtel Limited, Dr. Reddys Lab, ICICI BANK, Axis BanK, Ashok Leyland and Apollo Hospitals
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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, March 22, 2017

Outlook of Indian Stock Market for 23rd March, 2017

Daily trend of Nifty is up

Our trend of Nifty came in uptrend on 30th December, 2016 closing.
Trend of Nifty is still up. 8950 spot index is the last major support of Nifty and till index is above these levels, markets are expected to move up as trend is up. Overall situation worldwide is that markets have had a good distribution at higher levels so best we expect is a sideways consolidation rather than a one side rally as was happening. We hold our longs till the time trend is up.
______________________________________________________________________________________

Percentage of stocks came above 50% on 1st  January, and are still above 50% and till then we keep holding the deliveries.

Strong Futures

This is list of 10 Strong Futures: INDO COUNT, Apollo Tyres, MRF, Torrent Power, CEAT, Oriental Bank of Commerce, MAHINDRA & MAHINDRA FINA, Power Finance Corporatio, Housing Developmen and Grasim
Weak Futures

This is list of 10 Weak Futures: Divi s Laboratories, Idea Cellular, Jaiprakash Associates, Dr. Reddys Lab, Bharti Airtel, NMDC, ICICI BANK, United Spirits Limited, Punjab National Bank and Axis Bank
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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, March 21, 2017

Outlook of Indian Stock Market for 22nd March, 2017

Daily trend of Nifty is up

Our trend of Nifty came in uptrend on 30th December, 2016 closing.
Trend of Nifty is still up. Cash and pharma stocks have started profit taking but world markets are still holding on. It seems the markets are likely to become volatile going ahead with ups and downs, but well, the trend is still up and till the trend is up on daily, one cannot short but go on holding longs.
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Percentage of stocks came above 50% on 1st  January, and are still above 50% and till then we keep holding the deliveries.

Strong Futures

This is list of 10 Strong Futures: PC JEWELLER, Apollo Tyres, MAHINDRA & MAHINDRA FINA, MRF Ltd, Oriental Bank of Commerc, Housing Development, Torrent Power, ITC Ltd, Reliance Capital and INDO COUNT INDUSTRIES
Weak Futures

This is list of 10 Weak Futures: Divi s Laboratories, Idea Cellular, Jaiprakash Associates, Dr. Reddys Lab, Axis Bank, COALINDIA, United Spirits, Apollo Hospitals, NMDC and Hindustan Petroleum Corp
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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.