Markets still in Don’t buy zone

Blog meant for 28 Aug 2017 Monday

Dear friends,

Nifty closed flat on Thursday, up 5 points. Even global cues were flat at end of last week. The coming week may see markets being volatile since it is the last 4 days of Futures & Options contracts for this month.

As per technical analysis, Nifty is in Don’t Buy zone.

The indications for individual stocks for short term are as follows –

THE HOLDS ARE –  Titan, HDFC,  Yes Bank, TCS

Wait to Sell – ACC, HDFC Bank,

Wait to Buy – Maruti,

Don’t Buy – ITC, SBI, L&T, M&M, Infosys, Asian Paint

Sell – Reliance

Question of the Day

Please inform us about Omkar Speciality Chemicals Company for long term investment?


We do not want to even comment on such unknown and smaller companies. Every now and then we get such queries regarding whether we can invest in unknown companies such as above. Our answer will always be No. Unless, you have done extensive research and ready to take extra risk and speculating that the company will grow, it is better to stay away from such companies. Better to stick with bluechips which may not give spectacular returns but will surely give good, consistent returns in the long term with relatively less risk.

Please note that if you study the financials of the companies such as past profits as well as the performance of the shares of such small companies, you will notice that it is definitely not worth investing our hard earned money.

Some of the companies about which we get queries have not even been heard by us before. Such is the size of the companies.

Do not ask your broker about which shares to buy. With the help of the Workshop, you would have understood how to select and assess good companies.

Do not experiment at the cost of taking too much risk and speculating about some companies. Most times it ends up as wrong decisions.

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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