Outlook of Indian Stock Market for 6th 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. (We get suggestion from some people that if this letter can be delivered in their email box the same day, well, Blogger delivers it in morning only around 9 am IST. We can't do anything with that even though we make this letter the same day after market closes.) _____________________________________________________________ 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 : PC JEWELLER, Escorts India, KAVERI SEED, MAHINDRA & MAHINDRA FINA, CEAT, NIIT Technologies, MUTHOOTFIN, IBULHSGFIN, Divi s Laboratories and Apollo Tyres Weak Futures This is list of 10 Weak Futures: Sintex Industries, Reliance Comm, Power Finance Corp, IFCI, Bharat Heavy Elect , RURAL ELECTRIFICATION, ADANIPOWER, KPIT TECHNOLOGIES, DLF and IDBI BANK. ------------------------------------------------------------------------------------------------------------------------------------- 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.