Markets on uptrend but still many stocks in Don’t Buy zone

Blog meant for 28 May 2018 Monday

Dear friends,

Nifty continued to rise on Friday too as Nifty closed 91 points higher. Global cues were flat on Friday evening. So, we have to see how Asian markets open tomorrow as our markets will take some direction from it.

Nifty is in Wait to Buy zone for short term.

The indications for individual stocks for short term only are –

DON’T BUY – MARUTI, TITAN, VEDANTA, RELIANCE INDUSTRIES, HDFC, ITC

HOLD – TCS, ASIAN PAINT, INFOSYS, SBI, HDFC BANK, AXIS BANK, M&M

TOO LATE TO BUY / HOLD – HINDALCO

JUST BUY – YES BANK (It is showing Buy indication for short term. Since Nifty is in Don’t buy zone, we need to be careful. If we have the risk appetite, we can buy but must follow the rules of technical analysis)

Long term investors can continue to invest on a regular basis in the stocks suggested in the Workshop.

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All the best!

Dr.Bharath Chandra and Rohan

About the author

Dr. Bharath Chandra

Hi there! This is Dr. Bharath Chandra & Rohan, International Trainers & Success Coaches. We have addressed more than a crore people on Stock Market, Personality Development, Wealth Management and Financial Planning over the past 35 years.

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