Wednesday, December 28, 2016

Outlook of Indian Stock Market for 29th December, 2016

Daily trend of the market is down
Market has come in downtrend on 20th December. So the readers who had created their longs in Nifty on 9th Dec may now quit their longs in nifty and do not create long positions till the trend remains down. 

Percentage above support Percentage of stocks is still below 50%, so the readers who has quit their longs in cash market on 15th December may not create long positions till percentage above support remains below 50%. 

Strong Futures 
This is list of 10 Strong Futures: Engineers India, BEML, MindTree, BATA, Indian Oil Corp, PC JEWELLER, ITC, CESC, Bosch and Kirloskar
Weak Futures 
This is list of 10 Weak Futures: Divi s Laboratories, JUST DIAL, CANARA BANK, Hindalco, Punjab National Bank, Allahabad Bank, South Indian Bank, Oriental Bank of Commerc, Hindustan Zinc  and Union Bank of India

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.

No comments: