BLOG MEANT FOR 9 AUGUST 2018 Thursday
Dear friends,
Nifty reached 11450 after today’s rally of 61 points. This is once a life time high for markets. Almost everyday it is touching new highs. Although, global cues have not been too positive, somehow with the help of local investments, our markets are managing to continue the uptrend.
Asian, European and US markets are all mixed with no clear direction on either side. hindalco
Nifty continues to be in HOLD zone for short term.
The indications for individual stocks for short term only are –
HOLD ZONE –INFOSYS, ASIAN PAINT, RELIANCE INDUSTRIES, ITC, AXIS BANK, SBI, TITAN, TCS, VEDANTA, M&M, HDFC, YES BANK, HINDALCO
WAIT TO BUY ZONE – HDFC BANK
SELL ZONE – MARUTI (as mentioned there was some additional risk of buying Maruti for short term since it had gone quite high compared to the red line and today it fell below the red line. If you had bought for short term, then better to sell even if you will incur a small amount of loss )
As usual continue to invest on a monthly basis for long term in bluechip stocks.
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Dr.Bharath Chandra and Rohan
(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)
