Tuesday, January 03, 2017

Outlook of Indian Stock Market for 4th 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.

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: Indian Oil Corp, Sintex, TITAN, Hindustan Petroleum Corp,India Cements, INDO COUNT, Sun TV BATA INDIA, Indiabulls Real Estate  and Jain Irrigation


Weak Futures

This is list of 10 Weak Futures: Divi s Laboratories, CANARA BANK, BANK OF BARODA, LIC Housing Finance, State Bank of India,Mcleod Russel, Hero Moto Corp, HDFC , Union Bank of India. and Hindalco
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