Outlook of Indian Stock Market for 7th August, 2017

Daily trend of Nifty is Up. Trend of Nifty has come in uptrend on 6th July, 2017. All world equity markets are moving together. Cash stocks are weakening. Percentage of cash stocks above support has fallen below 50%.Now let us see whether Nifty pulls the markets up or cash stocks pull the nifty down. ___________________________________________________________________________________________________ Percentage of stocks above support has 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) Strong Futures This is list of 10 Strong Futures : Hindustan Petroleum Corp, TITAN COMPANY, Indian Oil Corp., Indiabulls Real Estate, Bharat Petroleum, MAHINDRA & MAHINDRA FINA, Bajaj Finserv, BATA INDIA, Reliance Capital and Balrampur Chini Mills Weak Futures This is list of 10 Weak Futures: Housing Development , Dr. Reddys Lab, Sun Pharma, Lupin Limited, GODFREY PHILLIPS, Biocon, INDO COUNT, CEAT, Syndicate Bank and Reliance Comm ------------------------------------------------------------------------------------------------------------------------------------- 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.