Outlook of Indian Stock Market for 2nd June, 2017

Daily trend of Nifty is Up. Trend of Nifty had come in uptrend again on 24th April, 2017. We go on holding Nifty till trend is up. Cash stocks percentage above support has come above 50% meaning that we need to buy cash stocks also now. Well, it seems that bulls are still not ready to leave the equity markets worldwide. Probably the distribution at higher levels has still not finished. _____________________________________________________________ Percentage of stocks has come above 50% on thursday 1st June, 2017 , so the readers may create long positions in cash market till the percentage of stocks above support remains more than 50%. Strong Futures This is list of 10 Strong Futures KAVERI SEED, MAHINDRA & MAHINDRA, Escorts India, Bharat Forge, Karnataka Bank, PC JEWELLER, South Indian Bank, NIIT Technologies, Hindustan Unilever and LIC Housing Finance Weak Futures This is list of 10 Weak Futures: Sintex, Reliance Comm, Bharat Heavy Elec, Power Finance Corporatio, Bank of India, RURAL ELECTRIFICATION, IDBI BANK LIMITED, Dish TV India, JUST DIAL and Reliance Capital ------------------------------------------------------------------------------------------------------------------------------------- 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.