Blog meant for 27 Dec 2016 Tuesday
Dear friends,
Nifty fell significantly today and closed slightly above the 7900 mark. Global cues continue to have no momentum which is having effect on all markets.
Nifty is in Don’t Buy zone. As per 30 days moving average graph, the following are the indications for short term –
Hold – Infosys, TCS, Maruti
Don’t Buy – HDFC, Axis Bank, M&M, HDFC Bank, Titan
Wait to Buy – L&T
Another point to note is that long term is at least a time horizon of 8 years if not much more. Many investors do not have patience and want to see spectacular results in few months or 1 or 2 years which is not a characteristic of stock markets.
If you would like to invest money but want that amount one year later, then it should not be invested in stock markets at all since one year is a very short time. Only if you have a time horizon of 8 years plus should you invest for long term on a monthly basis.
Just continue to invest for long term and avoid short term trades for now.
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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