BLOG MEANT FOR 11 JULY 2018 Wednesday
Dear friends,
The rally continued today too in all global markets. Nifty went up by 94 points and closed at 10947. It’s very close to it’s all time high of 11171.
We have to see whether markets will consolidate a bit when it comes very close to previous highs. Similarly, when it touches 11000 mark, whether investors will sell partially and book profits.
As of now, tonight, global cues are positive but not very strongly positive.
Nifty is in HOLD zone for short term.
The indications for individual stocks for short term only are –
DON’T BUY ZONE – SBI, VEDANTA, TITAN
HOLD ZONE – TCS, INFOSYS, HDFC, MARUTI, ASIAN PAINT, HDFC BANK, M&M, YES BANK, ITC, RELIANCE INDUSTRIES
WAIT TO BUY ZONE – HINDALCO
BUY ZONE – AXIS BANK (it can be bought for short term but ensure that you monitor regularly once bought)
Long term investors can continue to invest regularly.
All the best!
Dr.Bharath Chandra and Rohan
(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)
