Blog meant for 28 April 2017 Friday
Dear friends,
Quiet day for our markets today. Nifty closed almost flat, down by 10 points. It was mainly because today was the last day of the Futures & Options contracts for the month of April. Even the global cues were little negative in Asia & Europe. The US markets are trading marginally higher as of now.
As per 30 days moving average, Nifty is in Hold zone. The indications for short term for individual stocks are –
THE HOLDS ARE – RELIANCE, L&T, HDFC, HDFC BANK, TITAN, BHEL, MARUTI, ASIAN PAINT, ITC, M&M
Wait to Sell – Axis Bank
Sell – SBI
Don’t Buy – TCS, ONGC, INFOSYS, LUPIN, DIVISLAB
No major changes compared to yesterday except in some individual stocks. There is chance of profit booking in our markets after reaching such high levels. Be alert for indications for short term trades.
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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