Blog meant for 22 May 2018 Tuesday
Dear friends,
The negative trend for our markets continued today. Nifty fell by 80 points and closed at 10517. Global cues were not very weak but negative factors such as high fuel prices and falling Rupee is pushing markets lower.
Global cues are mixed as of now. US markets are slightly positive as of now but our markets still seem to be little weak inspite of marginally positive global cues.
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, HINDALCO, RELIANCE INDUSTRIES, HDFC
HOLD – TCS, ASIAN PAINT, HDFC BANK, INFOSYS, ITC
WAIT TO SELL – YES BANK,
SELL – M&M, AXIS BANK
WAIT TO BUY – SBI
As a long term investor, if you have started investing recently, you may have noticed or may notice in the coming days that your portfolio value may be lesser than what you invested. This is not unusual. Many times, when markets are weak and when you have been investing for a short period of 6 months or 1 year, you will feel scared about the market fall and also that you have invested more than what you will get if you sell your shares now.
But this part and parcel of investing in the Stock Markets. Fluctuations in short term will scare you and distract you but the investors who stand strong and hold on to their stocks which are fundamentally strong will be rewarded in the long term.
All the best!
Dr.Bharath Chandra and Rohan
