Thursday, February 16, 2017

Outlook of Indian Stock Market for 17th Feb, 2017

Daily trend of Nifty is up

Our trend of Nifty came in uptrend on 30th December, 2016 closing.

The trend of Nifty is still up.


Above is graph of Dollar Index in which you can see a head and shoulder formation taking place. The graph is just to show you for illustration. People who understand some technicals will see why Gold and Silver are taking a rally based on it. (I only hope the graph is there when you see it in your email)

Percentage of stocks came above 50% on 1st  January, and are still above 50%.


Strong Futures

This is list of 10 Strong Futures: CADILA HEALTHCARE, JUST DIAL, Sun TV, Jaiprakash Associates, L&TFH, Bharat Forge, Hexaware Technologies, CESC, Jindal Steel & Power and Grasim Ind.l
Weak Futures

This is list of 10 Weak Futures: Tata Motors DVR, Tata Motors, SRF, INDO COUNT, Union Bank of India, IDFC LIMITED, IFCI Ltd, NMDC Limited, BANK OF BARODA and Bharat Petroleum
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