Thursday, March 02, 2017

Outlook of Indian Stock Market for 3rd 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 . But as markets are overbought and have started a profit taking so on should be cautious while remaining long in the market

Percentage of stocks came above 50% on 1st  January, and are still above 50%.

Strong Futures

This is list of 10 Strong Futures: Jindal Steel & Power, JUST DIAL LIMITED, Karnataka Bank, Reliance Industries, GMR Infrastructure, Development Credit Bank, Torrent Pharma, Vedanta limited, JUBLFOOD and Cairn India Limited
Weak Futures

This is list of 10 Weak Futures: Bharat Petroleum, Hindustan Petroleum , NTPC, Biocon, BHARAT FINANCIAL, Ashok Leyland, IDBI BANK, IDFC, Power Grid Corporation and DLF
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