Outlook of Indian Stock Market for 25th May, 2017

Daily trend of Nifty is Up. Trend of Nifty had come in uptrend again on 24th April, 2017. Nifty is still holding on though the overall market cash stocks have taken a heavy beating. If you see below, then our percentage stocks were below 50% on 20th May and the cash stocks fall has increased since then. Can we see a counter rally in Nifty on the clearing day on thursday?. It seems all eyes would be on US markets whether they can make a new closing high or not. ______________________________________________________________________________________ Percentage of stocks came below 50% on Friday 20th May, 2017 , so the readers may not create long positions in cash market till the percentage of stocks above support remains less than 50%. Strong Futures This is list of 10 Strong FuturesITC , Hindustan Unilever, ICICI BANK, Hero MotoCorp, Maruti Suzuki India, Motherson Sumi, HCL Technologies, HDFC Bank, Godrej Industries and MindTree Weak Futures This is list of 10 Weak Futures: Jaiprakash Associates, Bank of India, Reliance Comm, IDBI BANK, Reliance Infra, Jain Irrigation Systems , IFCI, Glenmark Pharma, BEML and RELIANCE DEFENCE ------------------------------------------------------------------------------------------------------------------------------------- Free Letter Disclaimer Disclaimer: crnindia.com does not warrant or make any representations regarding the use or the results of the use of the materials in this site or other sources in terms of their correctness, accuracy, reliability, profit, or otherwise. crnindia.com does not guarantee the accuracy or completeness of any information and is not responsible for any omissions. crnindia.com clearly states that it has no financial liability whatsoever to any user on account of the use of information provided on the website or email.