Just observe markets

Blog meant for 23 Nov 2016 Wednesday

Dear friends,

A recovery for the Nifty today since the Futures & Options contracts will be expiring by this Thursday. It rallied by 73 points to close just above the 8000 mark. Today’s positive close was the first positive close in more than a week.

The markets are however still weak and generally on a downtrend unless strong positive factors arise both locally and internationally.

Nifty is in Don’t Buy zone. As per 30 days moving average graph, the following are the indications for short term –

Don’t Buy – Titan, Infosys, TCS, L&T, Maruti, HDFC, M&M, Axis Bank, HDFC Bank

Just be patient for short term trades. There is no action to be taken as of now for short term.

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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