Nifty continues to climb higher

Blog meant for 27 Dec 2017 Wednesday

Dear Friends

Nifty rallied towards the last part of the day to close at 10531. This is the all time highest closing level for the Nifty. Indian markets are looking quite strong but somehow the fundamentals of the companies are not supporting such high market levels.

2017 has been a great year for most of the stocks and the overall market. Many individual stocks have given high returns and have touched all time highs.

Similarly global markets such as US & Asian Markets are also at almost life time highs and hence this factor has helped our markets to stay strong.

Tonight, the European and US markets have closed in negative territory.

The analysis for Short term as per technical analysis is as follows:

Nifty is in Hold zone. The indications for individual stocks are –

THE HOLDS ARE- MARUTI, INFOSYS, TITAN, HDFC BANK, ITC, VEDANTA, HINDALCO, HDFC, AXIS BANK, RELIANCE, YES BANK, M&M

THE DON’T BUYS ARE – SBI

BUY –  ASIAN PAINT (Buy if you have risk appetite)

WAIT TO BUY – TCS

Long term investors can continue to invest on a monthly basis as per their plan.

All the best!

Dr Bharath Chandra and Rohan

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(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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