Outlook of Indian Stock Market for 4th May, 2017

Daily trend of Nifty is Up.

Trend of Nifty had come in uptrend again on 24th April, 2017. Overall trend remains up. Markets are in a consolidation phase worldwide with a very low VIX which shows that people are very much relaxed that markets will only go up. Let us see what happens, whether majority is right or wrong. Generally majority is proved wrong. But as of now we keep holding our longs till the trend of Nifty is up or stocks above support are more than 50%.

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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, Indian Bank, Bank of India, Andhra Bank, CEAT, Allahabad Bank, Indiabulls Real Estate L, CANARA BANK, Oriental Bank of Commerc and PIRAMAL ENTERPRISES
Weak Futures

This is list of 10 Weak Futures: ADANIENT, ADANIPOWER, Lupin Limited, Biocon, Aurobindo Pharma, Reliance Comm, Dabur India, STRIDES SHASUN, INFIBEAM and Hindustan Zinc
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