All eyes on tomorrow’s Budget

Blog meant for 1 Feb 2018 Thursday

Dear Friends,

Volatile day for markets as Nifty went below 11000 mark and finally closed marginally lower, 22 points at 11028. Global cues are mixed tonight.

Tomorrow’s market direction and movement will be based on the Budget and the reaction of investors to the Budget. It will be interesting to see what announcements the Government makes especially since it is the last full Budget before the Parliamentary elections next year in 2019.

The analysis for Short term as per technical analysis is as follows:

Nifty is in Hold zone.
The indications for individual stocks are –

THE HOLDS ARE- VEDANTA, AXIS BANK, YES BANK, HDFC, TCS, INFOSYS, HDFC BANK,    SBI, RELIANCE INDUSTRIES

DON’T BUY – HINDALCO, ASIAN PAINT

WAIT TO SELL – ITC, M&M

SELL – TITAN, MARUTI

There are no fresh buy indications for short term. Tomorrow is likely to be a volatile day and markets may move on both sides as the Budget is being presented in the Parliament. Do not unnecessarily trade for short term.

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The Bangalore Investors Forum (BIF) will run as per schedule on 4 Feb (Sun) at 6 pm at Jain College, Off JC Road, by the side of Ravindra Kalakshetra, Bengaluru.

Reporting time is 5.30 pm. Carrying BIF ID cards is compulsory to attend the Session.

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The first SIP session for the January batch participants will be on 3 Feb (Sat) at 6.50 pm at Abhimaani Vasathi Hotel, near Suguna Hospital, beside Kanva Diagnostics), Dr.Rajkumar Rd, Rajajinagar, Bengaluru.

Reporting time is 6.30 pm. Carrying SIP ID cards is compulsory to attend the Session.

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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)

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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