Most stocks in Sell/Don’t Buy zone for short term

Blog meant for 4 Dec 2017 Monday

Dear Friends,

Markets continued to crash as Nifty fell by 105 points to close 10122 on Friday. Weak global cues and the much anticipated correction phase lead to the fall. European markets & US markets both fell significantly on Friday evening. We have to wait and see if Asian markets follow the downward trend on Monday.

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

Nifty is in Don’t Buy zone.

THE HOLDS ARE-  MARUTI, TITAN, HDFC BANK, M&M

THE DON’T BUYS ARE- YES BANK, VEDANTA, HINDALCO, ITC, ASIAN PAINT, TCS, Kotak Mahindra Bank, HDFC, RELIANCE

SELL – SBI

WAIT TO SELL – INFOSYS, AXIS BANK

If you are long term investor, you must be excited when markets fall since many good stocks are available for lower prices. Do not fear markets falls in short term since if your time horizon is 10-15-20 years plus, these falls do not matter at all. As long as its good company with strong fundamentals and good position in its sector, in long term you will earn good returns which will be much better than any other available options.

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)

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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