Daily trend of Nifty is Down.
The trend of Nifty which came in uptrend on 30th December, 2016 when nifty was around 8200 has come in sell today 18th April, 2017 near 9100 spot index so we quit our long positions in Nifty now and sit aside and wait for Nifty to again come in uptrend when we can take positions. (Shorting is only recommended for professional traders). Midcap stocks which were the flag bearers of the equity rally are holding on as they are above 50% so let us see whether they pull the Nifty up or Nifty pulls them down.
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Strong Futures
This is list of 10 Strong Futures: Indiabulls Real Estate, ADANIENT, PIRAMAL ENTERPRISES, Container Corp of India., Indian Oil Corp, Bank of India, Bharat Petroleum Ltd, NCC Limited,DLF Limited and Engineers India
Weak Futures
This is list of 10 Weak Futures: ADANIPOWER, Reliance Comm, JUST DIAL LIMITED, Tata Steel Limited, BHARAT FINANCIAL, TECH MAHINDRA, Infosys Limited, Hexaware Technologies, Cairn India and Hindustan Zinc
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