Markets looking slight weak

Blog meant for 31 Jan 2018 Wednesday

Dear Friends,

The negative global cues pushed our markets lower today. Also nervous regarding the Budget must have been another factor for weakness in markets today.

Even tonight, European and US markets are negative as of now. Hence, our markets may be weak tomorrow too.

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

Nifty is in Hold zone.
The indications for individual stocks are –

THE HOLDS ARE- VEDANTA, AXIS BANK, YES BANK,  HDFC, TCS, INFOSYS, HDFC BANK, ITC,  M&M, SBI

DON’T BUY – HINDALCO, ASIAN PAINT

WAIT TO SELL – RELIANCE INDUSTRIES, TITAN, MARUTI

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Of late, in the last 2-3 months, almost every day we get a phone call or email from one of our participants that they have invested in a share by seeing an SMS or email and now the share price has fallen a lot.

We have mentioned multiple times in our Workshops and blog that you should stick to only stocks suggested in the Workshop for your own safety. However, it looks like people do not either listen carefully or they are too greedy.

Our opinion is that it is better to lesser profits but in known companies than hope for super profits in unknown companies and end up making losses!

We are also noticing that even after our Workshop blindly invest in companies suggested by brokers/friends/ SMS etc. The main intention of attending the Workshop was to invest more scientifically and systematically and do basis research before investing in any instrument.

But most times, when we receive calls/ emails from our participants, we realize that the purpose of them attending the Workshop it itself defeated since they are not learning from their past mistakes.

Most of our participants have made good profits in short term and long term by purely following the bluechips stocks and not venturing into any other new companies. But many times, all the profit they have made over many years may be wiped off by just one or two wrong investing decisions.

Hence, we urge you to be very careful and disciplined so that you have only good stories to say about your investments in Stock Markets rather than sad stories of having made wrong investments.

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All the best!

Dr.Bharath Chandra and Rohan

Please do not comment on the blog. Any questions or clarifications can be asked by sending us an email with your registration number given to you during the Workshop. Questions without quoting registration number will not be answered.

(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)