Blog meant for 12 Dec 2016 Monday
Marginal rise for Nifty on Friday as it closed 15 points higher. The global cues are mainly flat but on the positive side.
Nifty is in Just Buy zone. As per 30 days moving average graph, the following are the indications for short term –
Wait to Buy – Maruti, TCS
Hold – Infosys
Don’t Buy – L&T, M&M, Axis Bank, HDFC Bank, HDFC, Titan
The individual stocks have to still enter Buy zone. Some of them are showing Wait to Buy indication.
As December comes to an end, usually foreign investors either sell or don’t trade in markets since it is a Christmas holiday season for them. However, let us hope that the domestic investors and institutions contribute and keep markets strong.
Already, in the last few days, markets have picked from the recent lows which is a good sign.
Long term investors should not be too concerned about short term fluctuations which usually give opportunities to buy.
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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