Nifty positive inspite of weak global cues

Blog meant for 4 April 2018 Wednesday

Dear friends,

Weak start for markets today but towards the day, it became positive and finally ended 33 points higher at 10245. Today was a positive day inspite of Asian & European markets being quite weak. As of now, European markets have closed negative and US markets are trading flat.

Nifty is in Wait to Buy zone for short term.

The indications for individual stocks for short term are –

DON’T BUY – HINDALCO, VEDANTA, AXIS BANK, RELIANCE INDUSTRIES, ITC, SBI, INFOSYS, TCS

HOLD – TITAN, HDFC BANK, MARUTI, M&M, ASIAN PAINT

BUY – YES BANK (if you have risk appetite, you can buy for short term. Nifty and most stocks are in Don’t Buy zone. Hence, if you are ready to take some risk with the chance of making profit if the overall markets rises but also some chance of making a loss if markets fall once again, only then buy for short term. Otherwise ignore the Buy indication for now).

WAIT TO SELL – HDFC

Long term investors should invest every month in bluechip shares without worrying about the short term fluctuations.

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The How to Start a New Business Workshop in English has been scheduled on 28 & 29 April (Sat & Sun) in Bengaluru. The details are –

28 April (Sat) – 2.30 pm to 9.00 pm

29 April (Sun) – 9.15 am to 6.00 pm

Venue – Jain College, Off JC Road, Bengaluru.

Brief details of topics are given here – http://the.drbharathchandra.com/workshop/entrepreneurship/

25% of the registrations are already complete. Contact successdigest@gmail.com for Early Bird Fee details and how to register.

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All the best!

Dr.Bharath Chandra and Rohan

Please do not comment on the blog. Any questions or clarifications can be asked by sending us an email with your registration number given to you during the Workshop. Questions without quoting registration number will not be answered.

(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)