Blog meant for 5 September 2017. Tuesday
Dear Friends,
Yesterday i said if global cues are bad then only the markets are going to come down.
The fear became true today and North Korea preparing for a launch of a missile brought the markets down by 61 points and Nifty ended at 9913 just below the buy zone and entered the don’t buy zone. Thus this rally had a short life. So officially this rally has come to a halt.
If the fears subside the markets may rebound shortly gaining momentum.
The analysis for today is
THE HOLDS ARE- ASIAN PAINT, HDFC, HINDALCO, MARUTI, RELIANCE, TITAN, VEDANTA,
DON’T BUYS ARE- INFOSYS, LARSEN, SBI, TCS.
SELL ARE- ACC, HDFCBANK,
Let us hope for the best.
Wait for the opportunity to buy in the near future.
Now there is nothing to buy.
All the best.
Dr Bharath Chandra and Rohan
