[fusion_text]
Blog meant for 3 October Tuesday 2017
Dear Friends,
Nifty rose by 20 points on Friday to close at 9789. The global cues as of tonight are looking positive in Asia, Europe and US. There is a chance that our markets also open positively tomorrow.
The RBI will be meeting on 3 & 4 Oct to decide whether to cut interest rates. The Government and many people are expecting a rate cut so that the economy will is currently experiencing a slowdown can get revived by more credit flow in the economy. Rate cut may be positive for the market but we have to wait and see whether RBI actually cuts interest rates. If it does not cut rates, markets may be disappointed and there could a chance for a correction in our markets.
The technical analysis is as follows for short term –
HOLD – MARUTI
Buy – HDFC BANK (See the global cues in the morning and then decide to Buy)
JUST BUY – HINDALCO, VEDANTA (Although as per the graph, it is showing a Just Buy indication, since Nifty index is in Don’t Buy zone, we can wait for another day to see which direction the market and these two stocks go and then decide whether to buy or not or if you have the risk appetite, you can buy tomorrow).
WAIT TO BUY – INFOSYS
DON’T BUYS ARE- HDFC, RELIANCE, YESBANK, SBI, M&M, ACC, TITAN, ASIAN PAINT, LARSEN, TCS
Hope long term investors are not missing their monthly investments.
—–
Watch this interesting video to see the Power of Compounding & Long Term investments.
https://www.youtube.com/watch?v=wWitjXYQzT0 (You can directly play it from the bottom of the blog)
Dr.Bharath Chandra & Rohan
Please do not comment on the blog. Any questions or clarifications can be asked by sending us an email with your registration number given to you during the Workshop. Questions without quoting registration number will not be answered.
(The above comments are only the personal views of the authors of this blog. Please do your own research before taking any investment decisions. The reader of this blog must understand and take full responsibility for the Profit or Loss made by taking actions based on the above views)
[/fusion_text][youtube id=”https://www.youtube.com/watch?v=wWitjXYQzT0″ width=”600″ height=”350″ autoplay=”no” api_params=”” class=””][/youtube]
