Nifty at 4 month low

Blog meant for 4 Nov  2016 Friday

Dear friends,

Nifty closed at a four month low at 8485. The uncertainty over the US Elections has pushed global markets low expecting bad news for the global economy.

The Government has announced the GST rates which will apply for various products and services from April 1, 2017. We have to see how it will affect each sector of business and how it will affect individual consumers.

Nifty is still in Don’t Buy zone. As per 30 days moving average graph, the following are the indications for short term –

Hold  – Maruti

Don’t Buy – Axis Bank, Titan, Infosys, TCS, HDFC Bank, L&T

Hold – HDFC 

Wait to Sell – M&M 

For long term investors, the fall in markets is a good opportunity to Buy. Continue the monthly investments.

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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