Outlook of Indian Stock Market for 6th 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. Cash Stocks are performing well in Indian markets as the percentage has come again above 50%. Let us see how US markets behave after the holiday. ___________________________________________________________________________________________________ Percentage of stocks came above 50% on 5th June, 2017 , so we can again buy deliveries. It seems the bulls are not ready to leave the market of cash stocks. (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, Raymond, IDFCBANK, United Spirits, JUBLFOOD, SHRIRAM TRANS FIN, ICICI PRUDENTIAL LIFE, IDFC, Grasim and Ashok Leyland Weak Futures This is list of 10 Weak Futures : Fortis Healthcare, Tata Communication, JUST DIAL, PVR, INDO COUNT INDUSTRIES, Indian Bank, Punjab National Bank, NHPC, Tata Motors DVR and IBULHSGFIN ------------------------------------------------------------------------------------------------------------------------------------- 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.