Markets maintain status quo

Blog meant for 20 Dec 2016 Tuesday

Dear friends,

Nifty closed 35 points down but still somehow managed to stay above 8100 mark. Global cues are mixed and flat tonight.

Nifty is in Don’t Buy zone. As per 30 days moving average graph, the following are the indications for short term –

Sell – Maruti, Axis Bank

Hold – Infosys, TCS

Don’t Buy – M&M, HDFC Bank, HDFC, Titan, L&T

The interest rate on EPF balance has been fixed at 8.65 % p.a for 2016-17 compared to 8.80% p.a.

Hope long term investors are continuing their monthly investments in bluechips. Certain periods like these may be dull at times but when you see the stock prices are many years, it would have given good returns tax free which will help you fulfill your objectives in life.

All the best!

Dr.Bharath Chandra