Outlook of Indian Stock Market for 5th May, 2017

Daily trend of Nifty is Up.

Trend of Nifty had come in uptrend again on 24th April, 2017. Overall trend remains up. The rally is going on with Banking Stocks playing the flag bearers today expecting some good news over the weekend. US markets also expect good move from the data as well as Trump on Tax cuts. Keep holding stocks till trend is up.

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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: Bank of India, Indian Bank, Andhra Bank, GUJARAT STATE FERT, CANARA BANK, FEDERAL BANK, Allahabad Bank, Oriental Bank of Commerc, Punjab National Bank and CEAT
Weak Futures

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