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
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.
View all posts