Outlook of Indian Stock Market for 30th June, 2017

Daily trend of Nifty is Down. Trend of Nifty had come in downtrend on 27th June, 2017 and we quit our longs in Nifty. Till trend is down, we stay away from market and would wait for it to come in buy and after that only will we buy. Technically, we do not believe in bottom fishing. Percentage stocks had come below 50% on 23rd June, 2017 so we quit our delivery stocks and are away from market now. It seems the US markets are also falling now. ___________________________________________________________________________________________________ Percentage of stocks came below 50% on 23rd June, 2017 , so we are not holding any deliveries as of now and will again buy when percentage stocks above support comes above 50%. (Please note that all stocks shown as strong or weak are determined on basis of technical analysis and not fundamental analysis) Strong Futures This is list of 10 Strong Futures : Jaiprakash Associates, Reliance Comm., Indiabulls Real Estate, Aditya Birla Nuvo, Grasim Ind, Vedanta, ADANIPOWER, Hindustan Zinc, Idea Cellular and Tata Steel Weak Futures This is list of 10 Weak Futures : Fortis Healthcare, RURAL ELECTRIFICATION, IDBI BANK, JUST DIAL, OIL, Andhra Bank, BANK OF BARODA, Indian Bank,Bharat Forge and HAVELLS INDIA ------------------------------------------------------------------------------------------------------------------------------------- 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.