Outlook of Indian Stock Market for 27th 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 as well as Friday. Markets are going through a heavy churning. We still wait for trends to reverse before we quit our longs. Percentage of stocks has once again dropped below 50% which is not good for cash stocks. It seems markets are too heavy at higher levels and a profit taking is happening in cash stocks. The frontline stocks which are heavy weight are held by big players keeping the Nifty and Sensex in tact. We still have a hope as Nifty is still in uptrend. Let us hope market recovers on tuesday but overall monthly clearing on Thursday will keep pressure on markets. _____________________________________________________________ Percentage of stocks has come below 50% on 23rd June, 2017 , so the readers who created long positions in cash market may take profit in them. Strong Futures This is list of 10 Strong FuturesJaiprakash Associates, GMR Infrastructure, BEML, Reliance Capital, Indiabulls Real Estate , RELIANCE DEFENCE, Aurobindo Pharma, BALKRISHNA, Reliance Com and INDIGO Weak Futures This is list of 10 Weak Futures : Fortis Healthcare, Dish TV India, Mang. Ref & Petochem, Bharat Petroleum, Power Finance Corporatio, Indian Oil Corp, GAIL (India) , Lupin, OIL and Wockhardt ------------------------------------------------------------------------------------------------------------------------------------- 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.