Outlook of Indian Stock Market for 14th June, 2017

Daily trend of Nifty is Up. Trend of Nifty had come in uptrend again on 24th April, 2017. The way markets are behaving is that a distribution is going on at higher levels. Now 9500 spot nifty is the last support which if breached then the trend of Nifty along with percentage stocks above 50% would come to down. _____________________________________________________________ Percentage of stocks has come above 50% on 1st June, 2017 , so the readers who created long positions in cash market my keep holding stocks till the percentage of stocks above support remains more than 50%. Strong Futures This is list of 10 Strong Futures: GMR Infra, MUTHOOTFIN, KAVERI SEED COMPANY, CAN FIN HOMES, CADILA HEALTHCARE, Jaiprakash Associates, PIRAMAL ENTERPRISES, Indiabulls Real Estat, ADANIENT and LIC Housing Finance Weak Futures This is list of 10 Weak Futures : Reliance Comm, JUST DIAL, BHARAT FINANCIAL, Allahabad Bank, IDBI BANK, Bank of India, Indian Bank, RBL BANK, Reliance Infra and Housing Development. ------------------------------------------------------------------------------------------------------------------------------------- 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.