Friday, January 06, 2017

Outlook of Indian Stock Market for 9th 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 Asso, DLF, JSWENERGY, Indiabulls Real Estate, JSW STEEL, SHRIRAM TRANS FIN, ADANIPOWER, JUST DIAL, Sintex and Wockhardtr

Weak Futures

This is list of 10 Weak Futures: Divi s Lab, Hexaware Tech, TECH M, LIC Housing Finance, Infosys,  Reliance Com, TATA CONSULTANCY, Engineers India, HCL Tech and MindTree
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