Nifty in Wait to Buy, but global cues weak

Blog meant for 13 Oct Thursday

Dear friends,

Finally, our website is back live! We faced a few technical issues and finally decided to go ahead and create a new-look website. The website is still getting updated and will take better shape in the coming days. Sorry for the inconvenience caused in not being able to read the blog.

Markets will be opening tomorrow after two days of holidays. Markets had closed marginally higher on Monday. Nifty closed at 8708.
The global cues are negative tonight with European and US markets trading down as of now.

Nifty is in Wait to Buy zone. As per 30 days moving average graph, the following are the indications for short term –

Hold – Maruti

Don’t Buy – Axis Bank, HDFC, L&T, M&M, TCS, Titan

Wait to Buy – HDFC Bank, Infosys

The economy is still growing as good as people are expecting. Companies are still reporting less than expected sales and profits and it indirectly affects the Stock Markets

Hope you are not missing long term investments.

Many people are still underestimating the power of compounding and long term investing. They prefer and invest only for short term which is only a small part of the Stock Market returns. It is better to understand the power of long term returns before it gets too late to save and invest for long term.

A common feedback Participants give us after attending the Stock Market Workshop is that they wished that they had attended the Workshop 15-20 years back so that they could have taken better investment decisions. Hence, do not postpone investing.

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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