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
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Question of the Day
Please inform us about Omkar Speciality Chemicals Company for long term investment?
Answer
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.
