Outlook of Indian Stock Market for 29th May, 2017

Daily trend of Nifty is Up. Trend of Nifty had come in uptrend again on 24th April, 2017. We go on holding Nifty till trend is up. As far as cash stocks are concerned, the percentage support is still below 50% so we wait for it to come up so that we buy cash stocks again. ______________________________________________________________________________________ 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 : Jindal Steel & Power, Hindustan Petroleum, Ashok Leylan, ITC, KAVERI SEED COMPANY, Jaiprakash Associates, Motherson Sumi, MindTree, ICICI BANK CG POWER Weak Futures This is list of 10 Weak Futures: Sintex Industries, Reliance Comm, Glenmark Pharma, Lupin, Cipla, Bank of India, MAX FINANCIAL, IDBI BANK, IFCI Ltd and Allahabad Bank. ------------------------------------------------------------------------------------------------------------------------------------- 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.