Markets staying quiet

Blog meant for 23 Feb 2018 Friday

Dear friends,

Markets stayed weak throughout the day and closed flat at end of day. Nifty was down by 15 points. Global cues are mixed with European markets mixed and US markets trading positive as of now.

As mentioned in yesterday’s blog about FII (Foreign Institutional Investors) selling in Indian markets continuously and Indian domestic institutions continuously buying. Here is the statistics for the last two weeks.

               

Reds are Sales and Green are Purchases.

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

Nifty is in Don’t Buy zone.
The indications for individual stocks for short term are –

DON’T BUY – HINDALCO, ASIAN PAINT, TITAN, MARUTI, M&M, HDFC BANK, SBI,  YES BANK, AXIS BANK, HDFC, ITC, RELIANCE INDUSTRIES

WAIT TO BUY –VEDANTA

HOLD – INFOSYS, TCS

Nothing to buy for short term as of now.

Only buy for long term as per your usual plan on monthly basis.

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All the best!

Dr.Bharath Chandra and Rohan

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(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)

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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