Wednesday, March 29, 2017

Outlook of Indian Stock Market for 30th 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. If nifty closes below 9000 spot levels, then we have a danger of reversal, till then we keep holding our longs. Overall trends of world markets is up. Going ahead as the markets are in new territories, volatility should be expected. Finally after a long wait, Britain has finally delivered Article 50 letter kicking off Brexit. Let us see how various asset classes react to it.
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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: Jet Airways , Rural Electrification, BHARTI INFRATEL, Voltas, Bank of India, Oriental Bank of Commerc, Century Textiles, Sun TV Network, MRF and HDFC 
Weak Futures

This is list of 10 Weak Futures: Idea Cellular, Divi s Laboratories, Hindustan Zinc, Ashok Leyland, TECH MAHINDRA LIMITED, Apollo Hospitals, JUST DIAL, Hero MotoCorpJindal Steel & Power and BHARAT FINANCIAL
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