Blog meant for 5 May 2017 Friday
Dear friends,
Nifty resumed its uptrend and closed 48 points higher. It once again closed at a record high. It was helped by marginally positive global cues in Asia and positive global cues in Europe. US markets are trading slightly lower as of now.
As per 30 days moving average, Nifty is comfortably in Hold zone. The indications for short term for individual stocks are –
THE HOLDS ARE – L&T, HDFC, HDFC BANK, MARUTI, ASIAN PAINT, M&M, SBI, Titan, BHEL,
Wait to Buy – DIVISLAB
Just Buy – ITC
Wait to sell – ONGC, Reliance
Too late to Buy or Hold – AXIS BANK
Don’t Buy – TCS, INFOSYS, LUPIN
Hope long term investors are not getting distracted by the recent rise in markets. Continue the regular investing. The benefits of disciplined investing will be rewarded in due course by the markets.
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
