Blog meant for 23 Dec 2016 Friday
Dear friends,
Nifty fell for seventh consecutive day and closed 82 points lower. All the global cues are also negative and hence it is making it harder for our markets to recover.
Nifty is in Don’t Buy zone. As per 30 days moving average graph, the following are the indications for short term –
Hold – Infosys, TCS
Don’t Buy – HDFC Bank, HDFC, Axis Bank, L&T, M&M, Titan
Wait to Sell – Maruti
Nifty is at a 1 month low and it is looking like markets may pick up only in the New Year. Bluechips have fallen further and have become cheaper. Do not hesitate to invest for long term when markets are falling.
All the best!
Dr.Bharath Chandra
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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