Government taking steps to boost economy

Blog meant for 25 October Wednesday 2017

Dear Friends,

Nifty closed above 10200 as it rose by 23 points. It is once again very close to its lifetime high.

The global cues are also mainly positive and hence there is a good chance that markets may touch new highs tomorrow.

The Government has announced a recapitalisation package for PSU banks. This is supposed to improve their finances and revive the economy.

The technical analysis for tomorrow for short term is as follows –

The Nifty is still in Hold zone –

THE HOLDS ARE- ACC, HDFCBANK, HINDALCO, M&M, RELIANCE, TCS, VEDANTA

THE DONT BUYS ARE- LARSEN, MARUTI, SBI, AXIS BANK, TITAN, YESBANK

Hold / Too late to Buy – ASIAN PAINT

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The following article gives us information on ELSS (Tax saving mutual fund)

https://cleartax.in/s/elss

Investing for tax saving purpose is a good option. Ideally investing on a monthly basis in these funds right from the beginning of the financial year so that you get the benefit of cost averaging.

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All the best!

Dr.Bharath Chandra & Rohan

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(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)

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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