Nifty at all time high!

Blog meant for 16 March 2017 Thursday

Dear friends,

Good rally for markets. Nifty closed at its life time high of 9153, up 69 points. The rally was helped mainly by positive global cues due to the expected interest rate hike by the US Federal Reserve.

The GST Council approved the law relating to Union Territory and States GST and the sharing of tax revenues. It is likely that the GST will be implemented from July 1, 2017. More announcements will be made in the coming days.

Today morning, global cues are mixed with some markets trading positive while others are negative. We have to be careful of profit booking or consolidation in the markets since it has had a good rally in the last few days.

The indications for short term are –


Wait to Buy –  ITC


Many stocks are at their 52 week highs etc. It does not mean that we should not buy them for long term. It also does not mean that we should sell the stocks that we have been investing on a monthly basis for long term. As far we have a time horizon of 10 years plus, we should not be too concerned about the short term highs since we are looking to make compounded profits by holding the stocks for a long period. The profits we in the long term will be missed if we sell at such times thinking that the we can buy back when it is at a lower price.

Generally speaking there is no way to identify the highest and lowest points in the markets. Invest regularly on a monthly basis and enjoy the benefits of your discipline, patience in the future.

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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