Blog meant for 30 May 2018 Wednesday
Dear friends,
As mentioned in the blog yesterday, profit booking pushed our markets lower today. Nifty fell by 55 points. All the global markets were weak.
Our markets are likely to fall tomorrow too due to negative global cues.
Nifty is in Sell zone for short term.
The indications for individual stocks for short term only are –
DON’T BUY – TITAN, VEDANTA, RELIANCE INDUSTRIES, HDFC, ITC
HOLD – ASIAN PAINT, INFOSYS, SBI, HDFC BANK, AXIS BANK, TCS, M&M,
WAIT TO BUY – MARUTI
WAIT TO SELL – YES BANK, HINDALCO
If markets become weak once again, then it will be a good opportunity for long term investors to purchase for long term.
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All the best!
Dr.Bharath Chandra and Rohan
