Outlook for Indian Stock Market for 3rd January, 2017

Daily trend of Nifty is up

Market had come in uptrend on 30 December closing. So the readers who have made their long positions on closing 30th December can keep holding their positions till the trend of Nifty is up.

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Percentage of stocks is now above 50%, so the readers may create long positions in cash market and hold the longs till the percentage of stocks above support remains more than 50%

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Strong Futures

This is list of 10 Strong Futures: Jaiprakash Associates, The India Cements, Indiabulls Real Estate , DLF, INDO COUNT, ADANIENT, Housing Development , SHRIRAM TRANS FIN, Aditya Birla Nuvo  and IRB Infrastructure.

Weak Futures

This is list of 10 Weak Futures: Divi s Laboratories, CANARA BANK, State Bank of India, Punjab National Bank, LIC Housing Finance, BANK OF BARODA, Union Bank of India, Engineers India, HDFC Ltd and Glenmark Pharma Ltd
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