Outlook of the Indian Stock Markets for 24th May, 2017

Daily trend of Nifty is Up. Trend of Nifty had come in uptrend again on 24th April, 2017. Cash stocks are still under performing here in India though the US markets have been showing strength in last 3 trading days. It shows that our markets are weak. But if US markets make a new high, then sooner or later our markets might catch up again as Nifty is still in uptrend though breadth of the market it weak. 25th May is the monthly clearing, let us see how markets react till then. Trading on the US markets today would be keenly watched. ______________________________________________________________________________________ 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: ITC, Hindustan Unilever, HCL Technologies, Hero MotoCorp , Container Corp of India, Motherson Sumi Sys, ICICI BANK, Maruti Suzuki,Bharti Airtel and CEAT Limited Weak Futures This is list of 10 Weak Futures: Jaiprakash Associates, Bank of India, Glenmark Pharma, INDO COUNT INDUSTRIES, Reliance Comm, BHARAT FINANCIAL, IFCI, Jain Irrigation Systems , STRIDES SHASUN and IDBI 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.