Outlook of Indian Stock Market for 5th 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 are closed today due to Independence day so tomorrow we will get more cues in the market. Overall it seems there is a sideways consolidation going on across the world markets. ___________________________________________________________________________________________________ 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 : ICICI PRUDENTIAL LIFE, JUBLFOOD, United Spirits, BATA INDIA, INFIBEAM INCORPORATION, ITC, Jaiprakash Associates, Grasim, Aditya Birla Nuvo and BHARTI INFRATE Weak Futures This is list of 10 Weak Futures : Fortis Healthcare, JUST DIAL, INDO COUNT Tata Communications, Andhra Bank, IBULHSGFIN, IDBI BANK, OIL, GMR Infrastructure and Tata Motors DVR ------------------------------------------------------------------------------------------------------------------------------------- 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.