Outlook of Indian Stock Market for 17th May, 2017

Daily trend of Nifty is Up.

Trend of Nifty had come in uptrend again on 24th April, 2017. Overall trend still up so we go on holding our longs till trend does not reverse. Though markets are overbought but till trend is up, we hold.

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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, Indiabulls Real Estate, PIRAMAL ENTERPRISES, DALMIA BHARAT, DLF, Escorts India, NIIT Technologies, Indian Bank, Eicher Motors and Hero Moto
Weak Futures

This is list of 10 Weak Futures: Glenmark Pharma, Cholamandalam Investment,Jan Irrigation Systems , Suzlon Energy, Hindustan Zinc, Colgate Palmolive, Jaiprakash Associates,Oriental Bank of Commerce,Biocon Limited and NESTLE

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