Outlook of Indian Stock Market for 16th 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. It is wait and watch. _____________________________________________________________ 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, Indiabulls Real Estate, Jaiprakash Associates, Page Industried, Aurobindo Pharma, MUTHOOTFIN, CAN FIN HOMES, DEWAN HOUSING FINANCE, L&TFH and KPIT TECHNOLOGIES Weak Futures This is list of 10 Weak Futures : JUST DIAL LIMITED, Reliance Comm, Bharat Petroleum, Dish TV India, GAIL (India), Hindustan Petroleum Corp, Idea Cellular Limited, Indian Oil Corp, Bank of India and COALINDIA. ------------------------------------------------------------------------------------------------------------------------------------- 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.