Nifty rally continues

Dear friends,

Huge rally for Nifty today as it continued the uptrend from Monday. Global cues are also positive in Europe and US tonight. There is chance that the rally could continue since markets have looked strong in the last two trading days.

Nifty is in Wait to Buy zone.

As per technical analysis, the indications for individual stocks for short term are as follows –

THE HOLDS ARE – ACC, Titan, Yes Bank, HDFC Bank, HDFC, TCS

Sell – Asian Paint

Wait to Sell –  Reliance

Buy – Maruti

Don’t Buy – ITC, SBI, M&M, L&T, Infosys

All the best!

Dr.Bharath Chandra & Rohan