BLOG MEANT FOR 26 JULY 2018Thursday
Dear friends,
As expected, markets were little quiet today since it is quite close to the life time high. Nifty closed flat, down 2 points.
Also, tomorrow (Thursday) is the last day of the Futures & Options contracts and hence it may be volatile. Tonight, European markets are all negative but US markers are slightly positive as of now.
Nifty is in HOLD zone for short term.
The indications for individual stocks for short term only are –
DON’T BUY ZONE – VEDANTA, HINDALCO
HOLD ZONE – TCS, INFOSYS, HDFC, MARUTI, ASIAN PAINT, HDFC BANK, YES BANK, RELIANCE INDUSTRIES, ITC, AXIS BANK, SBI
JUST BUY – TITAN (It has just gone above the red line and hence showing Buy indication for short term. However, be cautious and buy only if you have risk appetite)
WAIT TO SELL – M&M
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As you would already know, we do not suggest any IPOs even though they may be good. Just like all IPOs, the HDFC AMC IPO may be from the HDFC group but we do not suggest it.
IPOs are generally expensively priced and this is the main reason we do not suggest it. It does not mean that it will not appreciate. However, since it is a new company in the markets, if it performs well in the future, then we can always take a decision on it. Until then, we prefer to stay away from it.
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)
