Blog meant for 12 June 2018 Tuesday
Dear friends,
Nifty closed flat on Monday even though it was trading almost 80 points higher during first half of the day. Towards the end, profit booking took place and markets fell.
Global cues are quite flat throughout the world.
Nifty is in Hold zone for short term.
The indications for individual stocks for short term only are –
DON’T BUY – TITAN, VEDANTA, ITC, YES BANK, HDFC
HOLD – INFOSYS, SBI, M&M, MARUTI, RELIANCE INDUSTRIES, HINDALCO, ASIAN PAINT
WAIT TO SELL – HDFC BANK
BUY – TCS (you can wait for one more day and then decide to buy or Buy immediately but be ready for downward movement too if markets are weak today)
JUST BUY – AXIS BANK (once again it is showing Just Buy indication. Better to wait for one more day and see if upward movement starts since it has been moving up and down in a volatile manner)
Long term investors can continue to invest every month regularly.
All the best!
Dr.Bharath Chandra & Rohan
