Blog meant for 21 May 2018 Monday
Dear friends,
Our website is facing some technical issues and was also being re-designed. Hence, blog was updated on our blogspot in the meantime. The blogspot address is http://www.drbharathchandra.blogspot.in
Any time our website is down, we will update it in the above page as a backup.
Huge fall for the Nifty on Friday as it closed 86 points lower at 10596. Global cues were all marginally negative as well. Its looks like markets may start weak on Monday morning too. But Asian market cues will provide further direction for our markets.
Nifty is in Sell zone for short term.
The indications for individual stocks for short term only are –
DON’T BUY – MARUTI, TITAN, VEDANTA, SBI, HINDALCO, RELIANCE INDUSTRIES
HOLD – TCS, YES BANK, ASIAN PAINT, HDFC BANK, INFOSYS, ITC
WAIT TO SELL – M&M, AXIS BANK
SELL – HDFC
Hope long term investors are continuing to invest regularly every month. When markets are weak, you should be excited to buy stocks since they are available at lower prices.
All the best!
Dr.Bharath Chandra and Rohan
