Blog meant for 12 May 2017 Friday
Dear friends,
Nifty rallied well in the first half of the day but finally closed only marginally higher at 9422. Global cues are mixed tonight. In the last few days, markets have been almost moving up gradually except rare days when some profit booking may be taking place.
We have to see how high markets can go. Many investors are expecting 10,000 level in the Nifty. However, it may not be so easy for it to reach that level. It may take some time and markets may consolidate on its way to higher levels.
As per 30 days moving average, Nifty is in Hold zone.
The indications for short term for individual stocks are as follows –
THE HOLDS ARE – L&T, HDFC BANK, MARUTI, ASIAN PAINT, M&M, SBI, AXIS BANK, HDFC, Titan
Wait to Sell – BHEL
Sell – ONGC, DIVISLAB
Wait to Buy – Reliance, TCS, ITC
Don’t Buy – INFOSYS, LUPIN
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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