Tuesday, February 21, 2017

Outlook of Indian Stock Market for 22nd 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: Jindal Steel & Power, JUST DIAL LIMITED, CADILA HEALTHCARE, Development Credit Bank , Jaiprakash Associates, Jet Airways (India), TITAN COMPANY, The India Cements, Grasim Ind and Rural Electrification
Weak Futures

This is list of 10 Weak Futures: Tata Motors DVR, BHARTI INFRATEL, Tata Motors, INDO COUNT, ITC , Bosch, Dr. Reddys Lab, OIL.EQ, CEAT Limited and Container Corp of India.
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