Don’t Buy for short term

Blog meant for 7 Nov 2016 Monday

Dear friends,

Markets fell further on Friday to close at 8433, down 51 points. The upcoming week will be crucial for the markets since the US Presidential Election is likely to be a close contest between Donald Trump and Hillary Clinton. The Election is scheduled on 8 Nov (Tue) and hence the entire world will be eagerly waiting to see what happens.

Also, the quarterly results of many companies are still being announced and hence markets or individual stocks will be affected by such news.

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

Wait to Sell  – Maruti, HDFC

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

Hold – M&M 

Welcome to the new batch of Stock Market Workshop in Bangalore. It was great interacting with you during the last two days!

Hope long term investors are continuing to invest regularly every month in bluechips. Do not miss them especially since stock prices have fallen and we are able to buy many stocks at lower prices.

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.

View all posts