Outlook of Indian Stock Market for 4th July, 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. Overall markets are in a sideways consolidation zone with stock specific moves coming. We will wait for markets to come out of their sideways zone before we take fresh positions. US markets would have a light trading day due to 4th July holiday. ___________________________________________________________________________________________________ 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, INFIBEAM INCORPORATION, ITC, Aditya Birla Nuvo, Grasim, Ashok Leyland, Page Industries, Tata Steel, Raymond and BEML Weak Futures This is list of 10 Weak Futures : Fortis Healthcare, OIL, INDO COUNT, Sintex, Development Credit Bank , IDFC, IDBI, RURAL ELECTRIFICATION CO, Tata Motors and Lupin ------------------------------------------------------------------------------------------------------------------------------------- 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.