Outlook of Indian Stock Market for 9th May, 2017

Daily trend of Nifty is Up.

Trend of Nifty had come in uptrend again on 24th April, 2017. Positive news from French Elections could not take the markets up. It seems the victory was already build into the equity markets. We will have to wait for next cues to guide us. Till then we keep holding onto our gains.

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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: Indiabulls Real, FEDERAL BANK, Indian Bank, CANARA BANK, Hexaware Technologies, GUJARAT STATE FERT, Andhra Bank, DALMIA BHARAT, IBULHSGFIN and NIIT Technologies
Weak Futures

This is list of 10 Weak Futures: Hindustan Zinc, ADANIPOWER, AJANTA PHARMA, INFIBEAM INCORPORATION, ADANIENT, HindalcoInd, Lupin Limited, Reliance Comm,Reliance Industries and SHRIRAM TRANS FIN
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