Blog meant for 15 June 2018 Friday
Dear friends,
As expected, markets were negative today and Nifty closed 49 points lower. The Asian markets were very weak and hence the weakness in our markets.
However, European and US markets are positive as of now. Hence, our markets could open little positive as of now.
Nifty is in Hold zone for short term.
The indications for individual stocks for short term only are –
DON’T BUY – VEDANTA, ITC, HDFC, TITAN, AXIS BANK
HOLD – INFOSYS, SBI, M&M, MARUTI, RELIANCE INDUSTRIES, ASIAN PAINT, TCS, HINDALCO, HDFC BANK
WAIT TO BUY – YES BANK
Do not stop your investments just because share prices are going up. Continue to invest every month regularly in bluechip stocks for long term.
Please read the following article to understand the power of long term investing. Please note that it does not mean that Infosys shares have to be bought now, but the idea is to understand how holding good companies over long term creates wealth –
https://www.moneycontrol.com/news/business/markets/25-years-since-listing-100-infosys-shares-bought-in-1993-could-have-turned-you-into-a-crorepati-2589955.html
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All the best!
Dr.Bharath Chandra and Rohan
