Markets awaiting Karnataka Elections results tomorrow

Blog meant for 15 May 2018 Tuesday

Dear friends,

Flat day for Nifty. It moved in a narrow range throughout the day due to the nervousness about the Karnataka elections results to be announced tomorrow. Global cues are also mixed tonight.

Tomorrow, is also likely to be a volatile day. We have to see whether any party gets a majority. If no party gets a clear majority, then it may not be a good sign for the State.

Also, we have to see whether BJP or Congress leads which will give us some indication of the sentiment in the State and may be for the Parliamentary Elections in 2019.

If BJP wins, markets may take it as a good sign since the Centre also has BJP ruling. But markets may perceive it differently too depending on the final results.

Nifty is in Hold zone for short term.

The indications for individual stocks for short term only are –

DON’T BUY – MARUTI, TITAN, VEDANTA

HOLD – M&M, RELIANCE INDUSTRIES, TCS, ITC, YES BANK, HDFC, ASIAN PAINT, HDFC BANK, HINDALCO, AXIS BANK, INFOSYS, SBI

Now and then we receive emails of many of our participants not investing regularly even a small amount of money and then they write to regretting the lost time. Hence, even if you have a small savings, invest it as regularly as possible for long term so that you benefit from the power of compounding.

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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)

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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