Nifty bounces back after yesterday’s fall

Blog meant for 25 May 2018 Friday

Dear friends,

Nifty had a volatile day today but it managed to rise by 84 points and closed at 10514. Global cues were mixed in Asia but is currently negative in Europe and US.

Nifty is in Don’t Buy zone for short term.

The indications for individual stocks for short term only are –

DON’T BUY – MARUTI, TITAN, VEDANTA, RELIANCE INDUSTRIES, HDFC, HINDALCO, YES BANK, ITC

HOLD – TCS, ASIAN PAINT, INFOSYS, SBI, HDFC BANK

BUY – AXIS BANK, M&M (Both of them are showing Buy indication for short term. Since Nifty is in Don’t buy zone, we need to be careful. If we have the risk appetite, we can buy but must follow the rules of technical analysis to ensure that we are ready for movement on either side).

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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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