Monday, March 06, 2017

Outlook of Indian Stock Market for 6th 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, Reliance Industries, JUST DIAL LIMITED, GMR Infrastructure, Karnataka Bank, Hindalco Ind, Voltas , JUBLFOOD, Jet Airways (India) and Development Credit Bank
Weak Futures

This is list of 10 Weak Futures: Bharat Petroleum, Eicher Motors, UPL LIMITED, NTPC Limited, Hindustan Petroleum Corp, BANK OF BARODA, Britannia Ind, BAJAJ FINANCE LIMITED, IDBI BANK and Jain Irrigation Systems 
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