Blog meant for Wednesday 6 September 2017
Dear Friends,
Day before yesterday it was buy signal for Nifty, yesterday it was donot buy and today after markets recouped and Nifty is again in buy signal.
Very volatile and confusing.
But few stocks which were just buy two days ago have gone up and now in hold position. ( Maruti and Reliance)
So no harm done for buyers of these two stocks.
Just now at 10 pm the global cues are mixed with European markets and US markets in the red.
What may happen tomorrow morning cant be guessed.
Let us hope for the best.
If you have the appetite to take risk then you may take action tomorrow.
However many many individual stocks are in hold position limiting our choice of buying to a few only.
The analysis is as follows.
THE HOLDS ARE- ( Too late to buy if not purchased already) ASIAN PAINT, HDFC, HINDALCO, MARUTI, RELIANCE, TITAN, VEDANTA, YESBANK.
NO JUST BUYS.
THE DONOT BUYS ARE- HDFCBANK, INFOSYS, LARSEN, M&M, SBI.
WAIT TO BUYS ARE- TCS.
Please note that all the stocks mentioned in the blog need not be purchased by our graduates.
Stick to our short term buy list.
However a word of caution- please stick to red line to red line rule very strictly.
Anytime markets may fall.
All the best.
Dr Bharath Chandra and Rohan