Blog meant for 24 Oct 2016 Monday
Dear friends,
Nifty closed almost flat on Friday, down only 6 points. The global markets were also flat and quiet in most places.
Nifty is in Wait to Buy zone still. As per 30 days moving average graph, the following are the indications for short term –
Hold – Maruti, L&T, TCS
Don’t Buy – Axis Bank, HDFC, M&M, Titan
Wait to Buy – HDFC Bank, Infosys
Markets have been little nervous and cautious in the last few days. If the global cues are positive, then our markets could once again revive the uptrend. Till then we need to wait.
All the best!
Dr.Bharath Chandra
