Outlook of Indian Stock Market for 18th 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: CEAT, PIRAMAL ENTERPRISES, CG POWER, DLF, DALMIA BHARAT, Indiabulls Real Estate, Escorts India, Hero MotoCorp, BHARTI INFRATE and NCC
Weak Futures

This is list of 10 Weak Futures: Glenmark Pharma, Jain Irrigation, Capital First,Biocon,KAVERI SEED, Jaiprakash Associates, Shree Cements,Colgate Palmolive, Punjab National Bank and Reliance Comm

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