Hold for short term

Blog meant for 8 May 2018 Tuesday

Dear friends,

As mentioned in the blog yesterday, positive global cues lead to Nifty rising by 97 points. Global cues are all positive tonight. European and US markets both higher tonight.

Indian Rupee is around Rs.67 per US Dollar today which is multi-month low. Usually a weaker Rupee is a not good sign for stock markets. Also, oil prices have touched $75 per barrel.

Nifty is in Hold zone for short term.

The indications for individual stocks for short term only are –

DON’T BUY – MARUTI

WAIT TO SELL –

HOLD – M&M, RELIANCE INDUSTRIES, TCS, ITC, YES BANK, INFOSYS, HDFC, ASIAN PAINT, HDFC BANK, HINDALCO,  TITAN, AXIS BANK

WAIT TO BUY – SBI, VEDANTA

Long term investors should continue to invest every month without missing for any reason.

All the best!

Dr.Bharath Chandra and Rohan

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(The above comments are only the personal views of the authors of this blog. Please do your own research before taking any investment decisions. The reader of this blog must understand and take full responsibility for the Profit or Loss made by taking actions based on the above views)