Long term investment – YES, nothing now for short term

Blog meant for 21 Feb 2018 Wednesday

Dear friends,

Positive start for Nifty today but towards the afternoon, it fell and finally closed 18 points lower.

Global markets are mixed as of now. Major Asian markets closed negative, European and US are positive as of now.

The weakness is continuing in our markets for last two weeks. Now and then markets may pick up a bit but generally the downtrend looks likely.

Long term investors should continue to invest in bluechips. The important point to note is that investment and holding of inferior stocks may or may not reward investors even if held for long term. Some of the mid cap and small cap companies which had reached lifeltime highs during the last few months may never recover to their highs achieved in the bull market. Hence, especially in such situations, holding any lesser known companies is highly risky.

The analysis for Short term as per technical analysis is as follows:

Nifty is in Don’t Buy zone.
The indications for individual stocks for short term are –

DON’T BUY – HINDALCO, ASIAN PAINT, TITAN, MARUTI, M&M, HDFC BANK, SBI, ITC, YES BANK, AXIS BANK, HDFC, TCS, RELIANCE INDUSTRIES

WAIT TO BUY – VEDANTA

HOLD – INFOSYS

Currently, there are no fresh Buy indications for short term.

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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)