Markets still weak

Blog meant for 24 Nov 2016 Thursday

Dear friends,

Nifty went up 31 points higher to close at 8033. However, global cues are a little weak. Tomorrow is the last day for the Futures & Options contracts of November and hence markets could be volatile.

Nifty is in Don’t Buy zone. As per 30 days moving average graph, the following are the indications for short term –

Don’t Buy – Titan, Infosys, TCS, L&T, Maruti, HDFC, M&M, Axis Bank, HDFC Bank

Still it is not time for any short term trades.

Only continue monthly investments for long 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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