Markets little weak today

Blog meant for 14 Dec 2017 Thursday

Dear Friends,

Negative close for Nifty today. It fell by 47 points to close below 10200 mark. European markets closed negative tonight and the US markets are also slightly negative.

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

Nifty is in Don’t Buy indication. The indications for individual stocks are –

THE HOLDS ARE- MARUTI, INFOSYS, TITAN, M&M

THE DON’T BUYS ARE- VEDANTA, HINDALCO, SBI, ASIAN PAINT, RELIANCE, TCS, AXIS BANK, HDFC Bank, YES BANK

JUST BUY –  Kotak Mahindra Bank (since Nifty is in Don’t buy zone, we can ignore this Buy indication for now)

SELL – ITC, HDFC

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Ensure that you read the study material of the Workshop fully multiple times and also read the blog regularly before you can ask any question. Many commonly asked questions have been covered in the study materials. Hence refer to it first.

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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)