Thursday, February 02, 2017

Outlook of Indian Stock Market for 3rd Feb, 2017

Daily trend of Nifty is up

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

International markets are quite overbought and have started a profit taking. Also Gold and silver have been in a one side rally which shows that at current levels one should be cautious while making long positions in equity as a continuous one side up move in Gold and Silver signals safe heaven move of money.


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


Strong Futures

This is list of 10 Strong Futures: Idea Cellular, Jaiprakash Associates, BHARAT FINANCIAL,India Cements, ADANIENT, Godrej Industries, FEDERAL BANK, BANK OF BARODA, Hindustan Zinc  and Tata Communications, DLF Limited, Hindalco, ADANIENT, HDFC Ltd and Steel Authority of India

Weak Futures

This is list of 10 Weak Futures: BHARTI INFRATEL, IDFC LIMITED, STRIDES SHASUN LIMITED, IDFCBANK, Jet Airways, TATA CONSULTANCY, Wipro, PC JEWELLER, Hexaware Technologie and AJANTA PHARMA
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