BLOG MEANT FOR 25 JULY 2018 Wednesday
Dear friends,
The positive trend in our markets continued today. Nifty went up once again by 50 points and closed above 11100 mark. It is very close to the all time high of 11171. The Asian and European markets were all positive tonight. Currently, US markets are trading flat.
Although, markets seem strong, there is chance of profit booking or consolidation at any point due to the high levels.
Also, the Futures & Options contracts for July month will be expiring on this Thursday and hence markets are always volatile at such times.
Nifty is in HOLD zone for short term.
The indications for individual stocks for short term only are –
DON’T BUY ZONE – VEDANTA, HINDALCO
HOLD ZONE – TCS, INFOSYS, HDFC, MARUTI, ASIAN PAINT, HDFC BANK, YES BANK, RELIANCE INDUSTRIES, ITC, AXIS BANK, SBI
WAIT TO BUY – TITAN
BUY – M&M (can be bought for short term if you have risk appetite. Ensure that you monitor everyday once you buy for short term.
Investors must be noticing that many of the bluechips have been appreciating a lot in the last few days. Continue to invest regularly to earn a good amount of money over a period of time in long term.
All the best!
Dr.Bharath Chandra and Rohan
(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)
