Monday, March 20, 2017

Outlook of Indian Stock Market for 21st March, 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. It seems that markets are consolidating or distributing at higher levels. The very sideways movements in world markets with very low implied volatility is a sign of concern. In Indian markets also the volatility has come down. But well, the trend is still up.
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Percentage of stocks came above 50% on 1st  January, and are still above 50% and till then we keep holding the deliveries.

Strong Futures

This is list of 10 Strong Futures: PC JEWELLER, Reliance Capital, MAHINDRA & MAHINDRA FINA, Apollo Tyres, IBULHSGFIN, KAVERI SEED COMPANY, DEWAN HOUSING FINANCE, Rural Electrification Co, Oriental Bank of Commerce and Power Finance Corporation
Weak Futures

This is list of 10 Weak Futures: Jaiprakash Associates, Idea Cellular, COALINDIA, NMDC Limited, United Spirits Limited, Bharti AirtelGlenmark Pharma, Dr. Reddys Lab, Hindustan Petroleum Corp and Apollo Hospitals
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