Outlook of Indian Stock Market for 10th August, 2017

Daily trend of Nifty is Down. Trend of Nifty has come in downtrend on 9th August, 2017. Now 10000 Nifty Index would give a lot of resistance to Nifty and market. Cash stocks which were forerunner of the rally had been weakening for many days. Percentage of cash stocks above support had fallen below 50% on 3rd August, 2017. It seems that cash stocks pulled nifty down. Now we are out of the market and would wait for the right time to enter again. ___________________________________________________________________________________________________ Percentage of stocks above support had come below 50% on 3rd August, 2017. Hence we quit our deliveries till percentage is below 50%. (Please note that all stocks shown as strong or weak are determined on basis of technical analysis and not fundamental analysis) ------------------------------------------------------------------------------------------------------------------------------------- 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.