Monday, February 20, 2017

Outlook of Indian Stock Market for 21st Feb, 2017

Daily trend of Nifty is up

Our trend of Nifty came in uptrend on 30th December, 2016 closing.
Trend of Nifty is still up . But as markets are overbought and have started a profit taking so on should be cautious while remaining long in the market

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

Strong Futures

This is list of 10 Strong Futures: Jaiprakash Associates, JUST DIAL, CADILA HEALTHCARE, Development Credit Bank , Jindal Steel & Power, GMR Infrastructure, L&TFH, Reliance Capital, DEWAN HOUSING FINANCE and GAIL
Weak Futures

This is list of 10 Weak Futures: Tata Motors DVR, Tata Motors, INDO COUNT, Union Bank of India, OIL, IFCI Ltd, HAVELLS INDIA, BHARTI INFRATEL, Dr. Reddys Lab and Bosch Limited
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