Outlook of Indian Stock Market on 17th 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. World equity markets are not able to move up courtesy the international situation at Korea and Syria, rather precious metals have moved up sharply contracting all analysts that Gold and Silver are unlikely to move. Gold is at levels when Trump was declared the President. If Gold moves up further from here, then there is danger to equity markets. All good things have to come to an end, are the equity markets trying to top out for sometime before they resume the trend. Now Nifty is at crucial support levels and a slight closing below the current levels on Monday would negate the uptrend. Monday is a crucial day.

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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 Indiabulls Real Estate, PIRAMAL ENTERPRISES, RURAL ELECTRIFICATION, Container Corp of India,Bharat Petroleum, Indian Oil Corp, MAX FINANCIAL SERVICES, Power Finance Corporatio, CEAT Limited and NCC
Weak Futures

This is list of 10 Weak Futures: ADANIPOWER, Infosys, Reliance Comm, INFIBEAM INCORPORATION, Hindalco, TECH MAHINDRA, HCL Technologies, Jaiprakash Associates, Tata Steel and ADANIPORTS
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