Nifty above 10850 – mainly hold for short term

Blog meant for 14 June 2018 Thursday

Dear friends,

Nifty started quite positive in the morning but towards the end profit booking took place and markets closed flat. Global cues are once again mixed with no major momentum on either side.

Nifty had almost touched 10900 mark but could not sustain it. We have to see if markets are able to come close to its all time highs of 11100

Nifty is in Hold zone for short term.

The indications for individual stocks for short term only are –

DON’T BUY – VEDANTA, ITC, YES BANK, HDFC

HOLD – INFOSYS, SBI, M&M, MARUTI, RELIANCE INDUSTRIES, ASIAN PAINT,  TCS, HINDALCO

WAIT TO SELL – HDFC BANK

WAIT TO BUY – TITAN

JUST BUY – AXIS BANK (better to wait for another day since it has been going up and down too much without any clear direction)

Do not stop your investments just because share prices are going up. Continue to invest every month regularly in bluechip stocks for long term.

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All the best!

Dr.Bharath Chandra and Rohan

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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