Blog meant for 17 Nov 2016 Thursday
Dear friends,
Markets opened positive after many days. However, the rally could not be sustained and finally Nifty closed flat. Tonight, the European markets have closed in negative territory and the US markets are also a little weak.
The concerns that there will be a rate hike in the US and also the current short term problem faced by individuals and many businesses from the note demonetisation has kept our markets weak.
Nifty is still in Don’t Buy zone. As per 30 days moving average graph, the following are the indications for short term –
Don’t Buy – Titan, Infosys, TCS, L&T, Maruti, HDFC, M&M, Axis Bank, HDFC Bank
The markets continue to provide opportunity to long term investors to purchase very good shares at low prices compared to few months back when prices were much higher. Do not miss the monthly investments especially in such situations.
We should be very excited to buy shares for long term now and not fearful. Markets could fall further, at which time, more shares can be bought.
However, stay away from any short term trades since markets are very volatile and weak.
All the best!
Dr.Bharath Chandra
About the author
Dr. Bharath Chandra
Hi there! This is Dr. Bharath Chandra & Rohan, International Trainers & Success Coaches. We have addressed more than a crore people on Stock Market, Personality Development, Wealth Management and Financial Planning over the past 35 years.
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