Outlook of Indian Stock Market for 23rd June, 2017

Daily trend of Nifty is Up. Trend of Nifty had come in uptrend again on 24th April, 2017. We keep holding our longs till trends are up. Trend is our friend and it discounts everything. There was a sharp profit taking in cash stocks on thursday. Markets are going through a heavy churning. We still wait for trends to reverse before we quit our longs. _____________________________________________________________ Percentage of stocks had 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: Jaiprakash Associates, BEML, GMR Infrastructure, BALKRISHNA, CAN FIN HOMES, RELIANCE DEFENCE, Jet Airways (India), Aurobindo Pharma, INDIGO and Tata Elxsi (India) Weak Futures This is list of 10 Weak Futures : Wockhardt, Lupin, Bharat Petroleum, JUST DIAL, Dish TV India, GAIL (India), Oil & Natural Gas, Indian Oil Corp, OIL 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.we strictly follow technical analysis. 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.