Nifty in Wait to Buy zone

Blog meant for 9 Dec 2016 Friday

Dear friends,

Huge rally for markets today after many days. Nifty closed 145 points higher at 8246. The positive global cues last night and today morning helped our markets to go higher. Even tonight, global cues are quite positive. We have to wait and see how Asian markets open tomorrow and whether there is profit booking in our markets after today’s huge rally.

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

Wait to Buy – HDFC, Maruti, TCS, Titan

Hold – Infosys

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

If markets rally tomorrow also, then Nifty may enter Buy zone after a long time and we can take some action for short term. Let us watch markets carefully tomorrow.

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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