Blog meant for 15 Dec 2016 Thursday
Dear friends,
Nifty closed 39 points down. Markets have been moving up one day and down another during the last few days.
Global cues are slightly negative before the Federal Reserve meets to decide about the interest rate cut. Let us see what decision is taken tonight and how it affects our markets tomorrow.
Nifty is in Don’t Buy zone. As per 30 days moving average graph, the following are the indications for short term –
Just Buy – TCS (Ignore the indication since overall markets in Don’t buy zone)
Wait to Buy – Axis Bank
Hold – Infosys
Don’t Buy – M&M, HDFC Bank, Titan, L&T, HDFC, Maruti
Do not take any action for short term.
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.
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