Blog meant for 17 Oct 2016 Monday
Dear friends,
Nifty still in Don’t Buy zone at 8583. However, global markets are still weak. Concerns over the economic data from China and also about the interest rates in Europe is keeping investors nervous.
Currently Nifty is in Don’t zone. As per 30 days moving average graph, the following are the indications for short term –
Hold – Maruti
Don’t Buy – Axis Bank, HDFC, M&M, TCS, Titan, HDFC Bank, Infosys
Wait to Buy – L&T
The following is an interesting article about long term investing and what mistakes most investors do. It has a very good data to prove how stock markets are the best investment in the long term.
50x in 30 years: Why most missed 500-to-28K BSE Sensex journey –
Also, we need to note that currently markets are not a very high level. If the above calculations are made at a time when markets are trading at higher levels, the returns would be much higher for investors. Another point to note is that the calculations in the above article are for all the stocks in the Sensex and not only the better ones, which means if we select only the good or better off companies, our returns are likely to be higher than shown in the article.
Hope it motivates you to invest and hold for long term.
All the best!
Dr.Bharath Chandra
