Nifty just below 10700

Blog meant for 7 June 2018 Thursday

Dear friends,

A positive day for Nifty as it closed 92 points higher to close just below 10700 mark. Global cues were little quiet throughout the world.

RBI has decided to increase interest rates by 0.25%. This will have a marginal impact to loan borrowers since banks may decide to hike interest rates on loans by a small margin in the coming weeks.

No major surprise for the markets and hence markets reacted positively and did not fall. Usually when interest rates rise, it is perceived negatively since it affects the borrowing cost of individuals and companies.

Nifty is in Buy zone for short term.

The indications for individual stocks for short term only are –

DON’T BUY – TITAN, VEDANTA, ITC, TCS, AXIS BANK, YES BANK

HOLD – INFOSYS, SBI, HDFC BANK, M&M, HINDALCO, MARUTI

WAIT TO SELL – ASIAN PAINT

WAIT TO BUY – HDFC

JUST BUY – RELIANCE INDUSTRIES (It is showing a buy indication. But majority of the others are either in Don’t Buy zone, hence we have to be careful before buying it. Buy for short term if you have risk appetite)

Long term investors can continue to invest every month regularly.

Almost everyday, we wonder if our participants read our blog regularly. We seem to get questions again and again on things which are already mentioned in detail in the blog.

Please email us any query only after you are sure that the blog has not talked about it. If we receive any emails asking for clarification on a subject which has been discussed in detail in the blog, then we will unfortunately need to ignore the email or reply in ‘telegram’ manner.

Generally speaking, the promptness of us replying to emails is very good. However, we feel that sometimes the service of clarifying all the queries is taken for granted by expecting reply for questions discussed in the blog.

We urge our participants to read our blog regularly and stay in touch with their investments through news etc so that in control of the situation.

———–

SUBSCRIBE TO OUR BLOG IF NOT DONE SO ALREADY

Most of the regular readers of our blog seem to have already subscribed to the blog. However, we have noticed that large number of people have still not subscribed to the blog.

This is very important. Please delay subscribing to the blog further. We propose to make this blog available only through email to our Workshop participants after June 15.

Hence, if you have not yet subscribed to the blog, please follow the below steps.

1. Click on the red button below and fill up the form. After filling it up, click on signup.

2. Once you do the above, you will receive an email asking you to click on a link to verify your email ID.  This email may be in your inbox or in your spam folder.

3. Open the email and click on the link to verify your email. You will receive a notification on the next window stating confirmation of your email ID.

Currently, we have yet started sending the blog by email. Once we have given enough time for all participants to subscribe to the blog, then we will start sending by email and the blog will not be available on the website.

The Blog will not be available in public domain after few weeks. Hence, if you do not subscribe, you will not be able to read it.

All the best!

Dr.Bharath Chandra and Rohan

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.

View all posts