Wednesday, April 12, 2017

Outlook of Indian Stock Market for 13th April, 2017

Daily trend of Nifty is up

Our trend of Nifty came in uptrend on 30th December, 2016 closing. (closing was near 8200 levels that day)
Trend of Nifty is still up. Nifty has nearly taken a 1000 points rally since our trend came up. Geopolitical tensions around the world are only increasing the volatility but till US markets are holding on, there seems to be no worry to money which is moving in the equity markets. Movement of smart money to precious markets is a worry for equity markets. But till trend of Nifty is up here, nothing to worry, we keep holding our longs.
______________________________________________________________________________________

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: Rural Electrification Co, Indiabulls Real Estate, BHARTI INFRATEL, MAX FINANCIAL SERVICES, Container Corp of India., Bharat Petroleum, Power Finance Corporatio, Karnataka Bank, Development Credit Bank and INDIGO
Weak Futures

This is list of 10 Weak Futures: ADANIPOWER, INFIBEAM INCORPORATION, BHARAT FINANCIAL, Reliance Comm, JUBLFOOD, Jaiprakash Associates, Hindustan Zinc, JUST DIAL , TECH MAHINDRA and Dish TV India
-------------------------------------------------------------------------------------------------------------------------------------

Free Letter Disclaimer
Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.

No comments: