Tuesday, March 21, 2017

Outlook of Indian Stock Market for 22nd 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. Cash and pharma stocks have started profit taking but world markets are still holding on. It seems the markets are likely to become volatile going ahead with ups and downs, but well, the trend is still up and till the trend is up on daily, one cannot short but go on holding longs.
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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, Apollo Tyres, MAHINDRA & MAHINDRA FINA, MRF Ltd, Oriental Bank of Commerc, Housing Development, Torrent Power, ITC Ltd, Reliance Capital and INDO COUNT INDUSTRIES
Weak Futures

This is list of 10 Weak Futures: Divi s Laboratories, Idea Cellular, Jaiprakash Associates, Dr. Reddys Lab, Axis Bank, COALINDIA, United Spirits, Apollo Hospitals, NMDC and Hindustan Petroleum Corp
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