Negative global cues

Blog meant for 13 June 2017 Tuesday

Dear friends,

Negative day for most stock markets in the world today. Nifty fell by 52 points to close slightly above 9600. Global cues are negative and only if Asian markets recover from today’s fall will our markets trade positively. Otherwise tomorrow may be a weak day for our markets too.

As per 30 days moving average, Nifty continues to show Hold signal.
The indications for short term are as follows:


Wait to Sell – Asian Paint, TCS

Sell – L & T, Axis Bank

Just Buy – Infosys (it is showing Buy indication. However overall markets are looking weak. Buy you have risk appetite)

Don’t Buy –  LUPIN, BHEL, ONGC, SBI, Reliance

Let’s hope markets turn positive soon. Right now global markets negative everywhere.

Long term investors can continue to invest on a monthly basis.

All the best!

Dr.Bharath Chandra

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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