Outlook of Indian Stock Market for 7th July, 2017

Daily trend of Nifty is Up. Trend of Nifty has come in uptrend on 6th July, 2017 but when half the world markets are under pressure of selling, we would not like to buy Nifty at current levels. We will prefer to wait for sometime as markets are in a long consolidation or distribution phase. Markets have become very stock specific. ___________________________________________________________________________________________________ Percentage of stocks came above 50% on 5th June, 2017. 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, JUBLFOOD, IDFCBANK, Raymond, SHRIRAM TRANS FIN, IDFC, BHARTI INFRATEL, Reliance Comm, Ashok Leyland and United Spirits Weak Futures This is list of 10 Weak Futures : Tata Communications, JUST DIAL, Fortis Healthcare, Indian Oil Corp, INDO COUNT, Bajaj Auto, PVR Limited, OIL and Hexaware Technologies ------------------------------------------------------------------------------------------------------------------------------------- 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.