Outlook of Indian Stock Market for 27th 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. 8950 spot index is the last major support of Nifty and till index is above these levels, markets are expected to move up as trend is up. Overall situation worldwide is that markets have had a good distribution at higher levels so best we expect is a sideways consolidation rather than a one side rally as was happening. We hold our longs till the time trend is 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: Oriental Bank of Commerce, INDO COUNT INDUSTRIES, Jet Airways (India), Rural Electrification, CG POWER AND INDUSTRIAL , Apollo Tyres, MAHINDRA & MAHINDRA FINA, MRF, KAVERI SEED COMPANY and CEAT
Weak Futures

This is list of 10 Weak Futures: Divi s Laboratories, Idea Cellular,Axis bank, Jaiprakash Associates, Dr. Reddys Lab, Apollo Hospitals, BhartiAirtel, Jindal Steel & Power, TATA CONSULTANCY SERV and Tata Communications
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