Monday, April 24, 2017

Outlook of Indian Stock Market for 25th April, 2017

Daily trend of Nifty is Up.

Trend of Nifty has come in uptrend again today 24th April, 2017. Positive news from French elections, opinion polls in Delhi MCD elections, huge short covering due to 1% up in US futures have again given positive momentum to Nifty. Till cash stocks are holding strong, chances are bulls might not leave the markets easily. 
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Percentage of stocks above support 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: Indiabulls Real Estate, The India Cements, ADANIENT, DLF Limited, PIRAMAL ENTERPRISES, Sun TV Network,GMR Infrastructure, South Indian Bank, Engineers India and HDIL
Weak Futures

This is list of 10 Weak Futures: ADANIPOWER, Dish TV India Limited, AJANTA PHARMA, Lupin Limited, BioconLimited,Jindal Steel & Power, Aurobindo Pharma, Sun Pharma , Cipla and Reliance Comm
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