Daily trend of Nifty is up
Friday 20th January, 2017 is oath of Trump.
Our trend of Nifty came in uptrend on 30th December, 2016 closing and we are holding our long position since then.
Trend of Nifty is still up but the momentum in the equity market is lacking. Since the clearing is next week, markets may hold for sometime but we will prefer to quit the positions on Friday 20th January, 2017 and sit outside.
We will be out and now prefer to take our positions after 1 Feb, 2017.
Percentage of stocks came above 50% on 1st January, so the readers who created long positions in cash market can keep holding longs till the percentage of stocks above support remains more than 50%
Strong Futures
This is list of 10 Strong Futures: ADANIPOWER, KAVERI SEED COMPANY, Torrent Power, FEDERAL BANK, UPL LIMITED, Tata Elxsi, Sintex Industries,India Cements, Steel Authority of India and JSW STEEL
Weak Futures
This is list of 10 Weak Futures: JSWENERGY, Divi s Laboratories, PC JEWELLER, OIL, Engineers India, Reliance Industries, Idea Cellular, Dr. Reddys Lab, NHPC and Apollo Tyres
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