Continue to wait patiently

Blog meant for 30 Nov 2016 Wednesday

Dear friends,

Markets opened positive and went up by almost 1%. However, markets fell towards the end of the day and Nifty closed only 15 points higher.

Global cues are mixed still and not positive.

Nifty is still in Don’t Buy zone. As per 30 days moving average graph, the following are the indications for short term –

Don’t Buy – Titan, L&T, Maruti, HDFC, M&M, Axis Bank, HDFC Bank, TCS

Sell – Infosys

Continue to invest for long term but no action to be taken for short term.

All the best!

Dr.Bharath Chandra