Hold zone

Blog meant for 30 Jan 2017 Monday

Dear friends,

Nifty rose marginally on Friday to close at 8641. The global cues continue to be subdued.

The upcoming week is going to be very crucial for our markets since the Union Budget will be presented on Feb 1. Also many companies will be announcing their quarterly results.

The indications for short term are –

THE HOLDS ARE-   ITC, MARUTI, TITAN, HDFC BANK, ASIAN PAINT, L&T, BHEL, M&M, ONGC, TCS, SBI, HDFC, AXIS BANK

THE DON’T BUYS – DIVISLAB,  RELIANCE

WAIT TO SELL – LUPIN

People have many different expectations from this year’s Budget. People are expecting some incentives etc to be given to help businesses after the demonetisation 3 months back.

Let us watch markets carefully. As of now, most stocks are in Hold zone.

All the best!

Dr.Bharath Chandra