Blog meant for 31 August 2017 Thursday.
Dear Friends,
What a dramatic recovery of markets today after that news that war like situation is thwarted off.
But in spite of the recovery today still Nifty is in donot buy zone.
If nifty crosses 9921 the indication for buy happens.
Let us see the markets tomorrow and hope that buy signal will come for investors.
One more thing for new investors. Even if we say in blog JUST BUY you may wait for a day or two before buying in order to mitigate the risk of markets coming down after the purchase. Like it has been happening with the Axisbank so often. We say buy and next day it becomes the sell.
The analysis of markets are as follows.
JUST BUYS ARE- HDFCBANK, YESBANK. ( Yesterday YES bank was sell- today buy again !!)
HOLDS ARE- ACC, ASIAN PAINT, HDFC, HINDALCO, TITAN, VEDANTA,
DONT BUY- AXISBANK, INFOSYS, LARSEN, M&M, SBI,
WAIT TO BUY ARE- ITC, MARUTI, RELIANCE, TCS
In general if markets go up tomorrow it is looking like clear buy signal for Nifty and many other stocks.
All the best.
Dr Bharath Chandra and Rohan
