Nifty once again crosses 10000 mark

Blog meant for 11 October Wenesday 2017

Dear Friends,

Once again Nifty crossed the 10000 mark today and finally managed to stay above the 10000 mark. It closed at 10017. Global cues are mixed with some markets positive and other negative.

As of now, Nifty is looking quite strong. However, we have to see if profit booking or any other factors will push it lower.

Nifty is in Hold zone.

The technical analysis is as follows for short term –

HOLD – RELIANCE, YESBANK, HINDALCO, INFOSYS

Wait to Sell –  VEDANTA

BUY – M&M

WAIT TO BUY –  TCS, TITAN, HDFC BANK

DON’T BUYS ARE – SBI, ASIAN PAINT, LARSEN, ACC, MARUTI, HDFC

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Do not miss monthly investments for long term.

All the best!

Dr.Bharath Chandra & Rohan

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(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)