Huge fall on Friday

Blog meant for 19 March 2018 Monday

Dear friends,

Huge fall for Nifty on Friday as it fell by 165 points to close at 10195. Global cues were marginally positive in Europe and US markets but negative in Asia. Markets looking quite weak for short term.

Nifty is still in Don’t Buy zone.

The indications for individual stocks for short term are –

DON’T BUY – HINDALCO, SBI, TCS, VEDANTA, YES BANK, AXIS BANK, MARUTI, HDFC Bank, RELIANCE INDUSTRIES, ITC

HOLD – TITAN, INFOSYS

JUST BUY – M&M (can ignore the Buy indication since overall markets looking weak and buying now for short term may be little risky)

SELL –ASIAN PAINT, HDFC

Invest on a monthly basis for long term in bluechip stocks only. Do not worry about the short term volatility.

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The cut-off date for transferring back the balance from trading account is actually 24 March and not 16th March. Hence, the blog written for Friday stays the same except that the effective date is March 24 (Sat) and not March 16.

All the best!

Dr.Bharath Chandra and 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)