Downtrend continues – don’t buy zone

Blog meant for 18 Oct 2016 Tuesday

Dear friends,

Nifty continued to struggle today due to weak global cues. It closed 63 points lower at 8520. Tonight, the European markets have closed 1% lower and the US markets are also trading in negative territory.

The weakness is still prevailing in global markets and our markets and hence the current downtrend.

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

Wait to Sell – Maruti

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

We are happy to announce that one of our friends is organizing an Event called ‘Saarthak Naari’ to award Women Achievers who have been very successful in their field and have contributed a great deal to their Sector / Society.

It is a very prestigious event which will have wide media coverage.

For details please visit

If any of you who are reading the blog are Women Achievers or any of you want to nominate a Successful Women whom you know personally, please visit the above website and click on “Apply/Nominate others” options.

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