Hold for short term

Blog meant for 12 June 2017 Monday

Dear friends,

The UK Election resulted in a hung Parliament with no party getting a majority. Markets were weak on Friday until the last 2 hours when it started to rise and finally it recovered and closed 21 points higher at 9668. Global cues were completely mixed on Friday. We have to wait and see how Asian markets open tomorrow which will give some indication of what may happen in our markets.

As per 30 days moving average, Nifty continues to show Hold signal.
The indications for short term are as follows:

THE HOLDS ARE – HDFC BANK, MARUTI, ITC, M&M, HDFC, DIVISLAB, Titan,  Axis Bank, ASIAN PAINT, L&T

Wait to Sell – TCS

Wait to Buy – Reliance

Don’t Buy –  LUPIN, BHEL, ONGC, SBI, INFOSYS

Let us see how the coming week is for the markets. As of now no major action to be taken for short term.

Long term investors can continue to invest on a monthly basis.

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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