Outlook of Indian Stock Market for 12th May, 2017

Daily trend of Nifty is Up.

Trend of Nifty had come in uptrend again on 24th April, 2017. As Nifty moves higher to new highs, profit taking is bound to happen. Overall trend is still up and we keep holding our longs.

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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: CG POWER AND INDUSTRIAL , DALMIA BHARAT, Eicher Motors, Escorts India, Indian Bank, GODFREY PHILLIPS, NIIT Technologies, Indiabulls Real Estate, DLF and Allahabad Bank
Weak Futures

This is list of 10 Weak Futures: Biocon, ADANIPOWER, Lupin, AJANTA PHARMA, Apollo Tyres, JUBLFOOD, OIL, INFIBEAM INCORPORATION, Indraprastha Gas and

Jain Irrigation Systems

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