Markets may be volatile this week

Blog meant for 22 May 2017 Monday

Dear friends,

Flat close for Nifty on Friday as it closed at 9428. The Futures & Options contracts will expire in this week on Thursday and hence markets may be little volatile. Global cues were mainly positive towards the end of last week. Hence, Asian markets may open in the green tomorrow morning.

As per 30 days moving average, Nifty is in Hold zone.
The indications for short term for individual stocks are as follows –

THE HOLDS ARE – L&T, HDFC BANK, MARUTI, M&M, SBI, TCS, INFOSYS

Wait to Sell –ASIAN PAINT

Sell – HDFC

Too late to Buy / Hold  – ITC (It went up too much on one single day and hence it is too late to Buy or Hold)

Wait to Buy – Axis Bank

Don’t Buy –  LUPIN, DIVISLAB, BHEL, Reliance, ONGC, Titan

Hope long term investors are continuing monthly investments. Some sensible investors put in more money when markets fall so that they can reduce their overall cost of purchasing blue chip stocks.

Bluechips stocks have been discussed in the Workshop and hence we would not like to mention it here since it does not change too much and there is no daily commentary to give about it. You must generally track its business performance and fundamentals to ensure it is on the right track.

All the best!

Dr.Bharath Chandra