Good day for markets

Blog meant for 3 April 2018 Tuesday

Dear friends,

Good rally for our Stock markets today due to positive cues in Asia & Europe. Nifty went up by 98 points to close at 10212. However, tonight, as of now, US markets are down by around 2 to 3 %.

Hence, it is likely that our markets may open weak tomorrow due to negative global cues.

Nifty is in Don’t Buy zone for short term

The indications for individual stocks for short term are –

DON’T BUY – HINDALCO, VEDANTA, AXIS BANK, RELIANCE INDUSTRIES, ITC, SBI, INFOSYS

HOLD – TITAN, HDFC BANK, MARUTI, HDFC, M&M

WAIT TO BUY – TCS, YES BANK

HOLD – ASIAN PAINT (it went up by almost 3% today and hence it is too late to buy or Hold).

Nothing to buy for short term as of now. Just observe markets and wait.

Long term investors should invest every month in bluechip shares without worrying about the short term fluctuations. Normal/ un-informed investors panic when markets fall. But, wise and smart investors make use of the market fall to buy good companies at lower prices than previously available.

Please read the following article which touches upon some important points about SIP/monthly investments.

https://economictimes.indiatimes.com/wealth/invest/a-small-sip-may-be-insufficient-to-meet-your-goals/articleshow/63439459.cms

—–

All the best!

Dr.Bharath Chandra and Rohan

Please do not comment on the blog. Any questions or clarifications can be asked by sending us an email with your registration number given to you during the Workshop. Questions without quoting registration number will not be answered.

(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)