Thursday, March 30, 2017

Outlook of Indian Stock Market for 31st 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 someone is tracking trend of Nifty on a daily basis and the trend is now up for a full quarter i.e. 90 days plus, I think it is a great achievement. Only if you are following the trend can you hold your positions for so long. Had you been someone following support resistance and elliot etc, you would have shorted many times in these last 90 days and lost money. Well, trend is your friend. So let us wait with our holdings till 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: Jet Airways, Rural Electrification Co, Torrent Power, Housing Development , Indiabulls Real Estate, BHARTI INFRATEL, BATA INDIA, Voltas, IBULHSGFIN and ADANIPORTS
Weak Futures

This is list of 10 Weak Futures: Idea Cellular, Divi s Laboratories, Hindustan Zinc, Ashok Leyland, JUST DIAL, Oil & Natural Gas Corp, STRIDES SHASUN, NMDC , Engineers India and TECH MAHINDRA
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