Outlook of Indian Stock Market for 3rd May, 2017

Daily trend of Nifty is Up.

Trend of Nifty had come in uptrend again on 24th April, 2017. Overall trend remains up. In this month of May, if markets fall slightly also, you will find a lot of articles with the caption "Sell in May and Go Away". Well, give a query on google to get some links and it is interesting to read because Nifty PE is soon going to be around 24 which is considered quite high by historic standards and where correction sets in.

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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: FEDERAL BANK, Indiabulls Real Estate , Bank of India, CAN FIN HOMES, CANARA BANK, Indian Bank, Oriental Bank of Commerc, Fortis Healthcare, Andhra Bank and Karnataka Bank
Weak Futures

This is list of 10 Weak Futures: ADANIENT, Lupin Limited, Aurobindo Pharma, ADANIPOWER, SHRIRAM TRANS FIN CO , INFIBEAM INCORPORATION, JSWENERGY, Reliance Comm , Sun Pharma  and Steel Authority of India
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