BLOG MEANT FOR 10 JULY 2018 Tuesday
Dear friends,
Very good rally for our markets today. Nifty went up by 80 points. Global cues helped our markets to go up today. As of now, European and US markets are positive. The rally has chance to continue further.
Nifty is in HOLD zone for short term.
The indications for individual stocks for short term only are –
DON’T BUY ZONE – SBI, HINDALCO, VEDANTA, TITAN
HOLD ZONE – TCS, INFOSYS, HDFC, MARUTI, ASIAN PAINT, HDFC BANK, M&M, YES BANK, ITC, RELIANCE INDUSTRIES
WAIT TO BUY ZONE – AXIS BANK
Titan company’s share price has fallen in last 1 week or so due to lower demand for jewelry and also because it’s major shareholder Rakesh Jhunjhunwala sold a portion of his holding.
As such, no major negative news. Since last 2 quarter’s results were good, it is usually expected the growth in profits will not be as high last time and hence the news of lesser growth this quarter.
Long term investors can continue to hold and buy.
You can read more about Titan in Google news and you will understand the situation better.
All the best!
Dr.Bharath Chandra and Rohan
(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)
