Huge rally- many stocks in Hold zone

Blog meant for 29 May 2017 Monday

Dear friends,

Nifty continued its uptrend and closed at another record level of 9595. Global cues are mixed but somehow are markets have managed to stay strong.

Let us benefit from the uptrend in the markets but at the same time be watchful of any profit booking which may push markets lower so that in case

As per 30 days moving average, Nifty continues to be in Hold zone after the huge rally.
The indications for short term for individual stocks are as follows –

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

Wait to Buy – Titan, Reliance,

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

Let us hope this rally will continue.

Hope long term investors do not neglect long term investments.

All the best!

Dr.Bharath Chandra