Markets volatile but in Hold zone

Blog meant for 24 April 2018 Tuesday

Dear friends,

A volatile day for markets but it traded in a narrow range. Nifty closed 21 points higher and closed at 10585. During the day, it had crossed above 10600 mark but towards the end, it could not hold on and fell marginally.

Global cues are quite flat tonight. Asian markets were negative, European markets have closed marginally higher and the US markets are flat as of now. Markets may be volatile tomorrow too due to weak global cues.

Nifty is in Hold zone for short term.

The indications for individual stocks for short term only are –

BUY WITH CAUTION – YES BANK (It has been very volatile during the last few days. It is giving a Buy indication and then immediately next day, giving a Sell indication. Buy if you have the risk appetite to bear small losses. Otherwise ignore the Buy indication)

DON’T BUY – SBI, AXIS BANK

HOLD – TITAN,  M&M, ASIAN PAINT, HDFC BANK, RELIANCE INDUSTRIES, HINDALCO, TCS, ITC, VEDANTA, INFOSYS, MARUTI

SELL – HDFC

If you are investing for long term, then continue regularly without missing out any month. Every day and month is crucial for compounding for long term investors.

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All the best!

Dr.Bharath Chandra and Rohan

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(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)