Blog meant for 14 Dec 2016 Wednesday
Dear friends,
Markets recovered and Nifty rose by 51 points to close at 8221. The global cues are quite flat but they are not negative and are slightly positive.
There is no action to be taken for short term since markets are showing Wait to Buy indication.
Nifty is in Wait to Buy zone. As per 30 days moving average graph, the following are the indications for short term –
Wait to Buy – L&T, TCS, HDFC, Maruti
Hold – Infosys
Don’t Buy – M&M, Axis Bank, HDFC Bank, Titan
The US Federal Reserve will be meeting on 14th Dec to discuss whether to increase interest rates or not. Many people are expecting a rate hike but we have to see whether it is done.
Market direction could be affected by this decision tomorrow.
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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