Nifty at 11692!

BLOG MEANT FOR 28 AUGUST 2018 Tuesday

Dear friends,

New record high for our markets. Nifty went up by 135 points and closed at 11692. It touched a high 11700 and then closed slightly below that level. Global cues are all positive tonight. It is looking like our markets may continue to stay strong due to strength in the rally.

Nifty index is in Hold Zone.

The indications for individual stocks for short term only are –

HOLD ZONE – RELIANCE INDUSTRIES, ITC, AXIS BANK, SBI,  TCS, M&M, HINDALCO, INFOSYS, VEDANTA

DON’T BUY ZONE – HDFC, HDFC BANK

WAIT TO BUY – MARUTI, ASIAN PAINTS,  TITAN

BUY ZONE  –YES BANK (Buy if you risk appetite. Be ready for any volatile movements)

Long term investors can continue to invest an amount regularly every month. Do not stop investments just because of high or levels of markets.

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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)

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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