Markets touching new highs almost everyday !

Blog meant for 22 Jan 2018 Monday

Dear Friends,

Another strong day for Nifty on Friday as it close at 10894, up 78 points. It crossed 10900 mark but could not close above that level at end of day. The rally was helped by positive global cues. Asian, European and US markets were all positive. There is chance that our markets may open positive tomorrow too.

However, be cautious of any volatility or fluctuations in the markets in the short term due to the current high levels.

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

Nifty is in Hold zone.
The indications for individual stocks are –

THE HOLDS ARE- TITAN, VEDANTA, AXIS BANK, YES BANK, ASIAN PAINT, HDFC, TCS, INFOSYS, HDFC BANK, M&M, ITC

WAIT TO BUY – HINDALCO, SBI

BUY – RELIANCE INDUSTRIES (It is showing Buy indication as per the graph. You can buy tomorrow if you have the risk appetite but be alert and follow the indications exactly as per the graph)

DON’T BUY – MARUTI

Long term investors who are investing regularly every month should continue. Do not get carried away by rising markets. Concentrate on long term always unless you are above 60 years.

Also, just like us, you may be receiving many SMS and whatsapp messages from unknown people asking you to invest in particular companies for quick profits etc. Kindly do not take any action based on such messages since they usually lead to us buying small, unknown companies and we get stuck with those shares since nobody else may from us and finally we will incur huge losses. These messages are sent by people who are trying to exploit the our greediness to make quick and easy profits. Be alert and delete all such messages. Always do complete research before investing anywhere.

All the best!

Dr.Bharath Chandra and Rohan

Please do not comment on the blog. Any questions or clarifications can be asked by sending us an email with your registration number given to you during the Workshop. Questions without quoting registration number will not be answered.

(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)