Thursday, January 05, 2017

Outlook of Indian Stock Market for 6th 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: Jaiprakash Associates, JUST DIAL, DLF, Sintex, Indian Oil, TITAN , Indiabulls Real Estate,India Cements, IRB Infras and Jindal Steel & Power

Weak Futures

This is list of 10 Weak Futures: Divi s Laboratories, LIC Housing Finance, CANARA BANK, Kotak Mahindra Bank, State Bank of India, HDFC Ltd, Engineers India Ltd, Mcleod Russel India, Punjab National Bank and IBULHSGFIN
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