Many individual stocks showing Just Buy indication

Blog meant for 11 Dec 2017 Monday

Dear Friends,

The rally continued in all major stock markets of the world including ours. Nifty closed 99 points higher at 10266. The global cues were positive all over the world on Friday.
Since Monday is the start of a new week, we have to see whether the same positivity will continue this week.

The Gujarat Elections outcome will keenly be awaited by the markets in the coming days.

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

Nifty is in Wait to Buy zone but many individual stocks have already entered Buy zone

THE HOLDS ARE- MARUTI, INFOSYS,  TITAN

THE DON’T BUYS ARE- VEDANTA, HINDALCO, TCS, HDFC, SBI, ASIAN PAINT,

JUST BUY – ITC, YES BANK, AXIS BANK (these stocks have moved up slightly above the red line. They can be bought for short term. However, since Nifty is in Wait to Buy zone, some element of risk is there in buying it).

BUY – HDFC Bank

WAIT TO BUY – Kotak Mahindra Bank, M&M

SELL – RELIANCE

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All the best!

Dr Bharath Chandra and Rohan

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(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)