Outlook of Indian Stock Market for 16th May, 2017

Daily trend of Nifty is Up.

Trend of Nifty had come in uptrend again on 24th April, 2017. Trend of the world markets remain up and so is our Indian Equity Markets. We go 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: PIRAMAL ENTERPRISES, CG POWER AND INDUSTRIAL , Indiabulls Real Estate, DALMIA BHARAT, DLF, Escorts India, Housing Development, Indian Bank, NIIT Technologies and Eicher Motors
Weak Futures

This is list of 10 Weak Futures: Glenmark Pharma , Jain Irrigation Systems , Oriental Bank of Commerc, Suzlon Energy , ADANIPOWER, INDO COUNT INDUSTRIES, Reliance Comm,Arvind, INFIBEAM INCORPORATION and Biocon Limited

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