Outlook of Indian Stock Market for 26th May, 2017

Daily trend of Nifty is Up. Trend of Nifty had come in uptrend again on 24th April, 2017. As nifty was in uptrend, US markets had a near new high closing and US futures in the positive, markets were ready for a counter rally in Nifty as we were expecting. Cash stocks are still under performers. Eyes would remain on the US markets still as remember that cash stocks are not performing well in US also like in Indian markets. Fed going easy for rate hikes probably was the trigger of thursday rally. ______________________________________________________________________________________ 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 Futures : MindTree, CG POWER AND INDUSTRIAL, ICICI BANK, INFIBEAM INCORPORATION, Hindustan Unilever, Jindal Steel & Power, Motherson Sumi, ITC, HDFC Bank and IndusInd Bank Weak Futures This is list of 10 Weak Futures: Sintex Industries, Dish TV India, Glenmark Pharma, Reliance Comm, IDBI BANK, Bank of India, Reliance Infra, IFCI, Lupin and Reliance Capital ------------------------------------------------------------------------------------------------------------------------------------- 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.