Global cues pushes Nifty higher

Blog meant for 12 September Tuesday 2017

Dear Friends,

Good rally for Nifty today as it went up by 71 points. It closed above 10000 at 10006. European and US markets are also up by 1-2% tonight. 

If the global cues are positive tomorrow also, then our markets may continue the uptrend.

The technical analysis is as follows.

THE HOLDS ARE- ASIAN PAINT, HDFC, HINDALCO, MARUTI, RELIANCE, TITAN, VEDANTA, YESBANK, LARSEN,  HDFC BANK, ACC

DON’T BUYS ARE- INFOSYS,  SBI, TCS, M&M

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Question of the Day – 

Question from one of our participants – I have some shares of M&M, but recently every day, its going down. Its down by 4% from my purchase price. Should I hold or sell?

Answer – 

M&M has not shown a Buy indication for short term from many days. We are not sure why it was bought for short term. In such situations, if you bought it without having a Buy indication, it is better to sell even if it at a loss since it could go lower since it is in Don’t Buy zone. 

Always follow the technical analysis rules. Do not buy unless and until the Buy indication arises. Also, sell whenever it shows Sell indication. Do not unnecessarily hold it once Sell indication has come.

Most people buy at the wrong time and then hold it for many months until the stock recovers. This is a mistake. 

Buy and sell based on analysis and not on emotions.

All the best!

Dr.Bharath Chandra & Rohan

 

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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