New life time again!

Blog meant for 30 Jan 2018 Tuesday

Dear Friends,

As expected, today was a positive day for Nifty. It went up by 61 points at 11130. Global cues are mixed in Asia & Europe and US markets are closed today.

There are two more trading before the Budget. Markets could be volatile as investors are not sure what to expect from this year’s Budget.

The Economic Survey was released by the Government today which stated that the GDP growth is likely to be higher than previous year.

As previously mentioned in the blog, apart from the reason our markets have been rising continuously since global markets all over the world are rallying, another reason is that no other instrument is looking very attractive currently.

Bank FDs, Post Office deposits etc are offering very low interest rates. Gold & Real Estate has become less attractive compared to earlier due to effects of demonetisation. Hence, the only other major asset which is looking good is Stock Markets.

Government has also cautioned of being careful of the high levels of the markets and that people should not assume that markets will go up forever.

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

Nifty is in Hold zone.
The indications for individual stocks are –

THE HOLDS ARE- VEDANTA, AXIS BANK, YES BANK,  HDFC, TCS, INFOSYS, HDFC BANK, ITC, RELIANCE INDUSTRIES, M&M, TITAN

DON’T BUY – HINDALCO, ASIAN PAINT

WAIT TO SELL – SBI

BUY – MARUTI (Buy if you have risk appetite only)

——–

Today, we met one of our past participants of our Workshop. It was shocking and sad to hear that investors still make many investment mistakes. This investor had bought shares based on a bulk SMS received.

We have been telling in our Workshops and in the blog regarding not taking any action based on emails and SMS received telling you to buy certain shares and stating the share price is expected to go very high in the coming days and months. Inspite of all of us knowing about such fraudulent messages, human emotion of greed pushes us to wrongly invest in these worthless companies and then lose money.

Once we invest in such small, and unknown companies, the price usually falls since people are actually doing ‘share cornering’ in such stocks and then there are usually no buyers for these companies and the price continuously falls and we end up losing our money.

Please be careful about all investments and do enough research before investing anywhere.

---

Read the below interesting article –

https://economictimes.indiatimes.com/wealth/invest/these-5-biases-can-make-you-your-own-enemy-while-investing-in-stocks-view/articleshow/62670245.cms

—–

All the best!

Dr.Bharath Chandra and Rohan

Please do not comment on the blog. Any questions or clarifications can be asked by sending us an email with your registration number given to you during the Workshop. Questions without quoting registration number will not be answered.

(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)