Saturday, December 31, 2016

Outlook for Indian Stock Market for 2nd January, 2017

Wish you all a Happy New Year 2017

Daily trend of the market is up
Market has come in uptrend on 30 December closing. So the readers who had quit their long positions on 21st Dec can create long positions till the trend remains up.

Percentage above support 
Percentage of stocks is now above 50%, so the readers who has quit their longs in cash market on 15th December may now create long positions till percentage above support remains above 50%.

Strong Futures
This is list of 10 Strong Futures: Adanient, Jaiprakash Assoc, BEML, Aditya Birla Nuvo, Bata India, Bosch, Mindtree, IFCI, Havells, Indian Oil.

Weak FuturesThis is list of 10 Weak Futures: Divi Labs, Canara Bank, Union Bank, Engineers, Hindalco, Pnb, Allahabad Bank, OBC, Mcleod Russel, Andhra Bank.


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