BLOG MEANT FOR 30 JULY 2018 Monday
Dear friends,
Good rally on Friday too for Nifty as it crossed the 11200 mark and closed at 11278. It was helped by positive global cues. Also, Indian retail investors have been investing regularly in SIPs of Mutual Funds and hence more money is flowing into Stock Markets through Mutual Funds. This is a good news for all Indian investors.
However, on Friday evening, US markets have closed around 1.5 % down and hence based on how Asian markets open tomorrow, Indian markets will react.
Nifty is in HOLD zone for short term.
The indications for individual stocks for short term only are –
DON’T BUY ZONE –
WAIT TO BUY ZONE – VEDANTA, HINDALCO
HOLD ZONE –INFOSYS, HDFC, ASIAN PAINT, HDFC BANK, YES BANK, RELIANCE INDUSTRIES, ITC, AXIS BANK, SBI
WAIT TO SELL ZONE – TCS, MARUTI, M&M
TOO LATE TO BUY / HOLD – TITAN (It went too much on Friday and hence it has gone much higher than the red line and hence it is too late to buy for short term).
Long term investors should just continue every month without worrying about short term ups and downs.
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The following is an interesting article on how SIP returns are profitable in long term. Although, this article is written with Mutual Fund SIP in mind, the same is true for monthly investments (SIP) in Stock Markets too.
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)
