BLOG MEANT FOR 22 JUNE 2018 FRIDAY
Dear friends,
Nifty was weak today as it closed 30 points lower. European and US markets are all negative tonight.
So our markets are not having much positive cues as of now.
Nifty is in HOLD zone for short term.
The indications for individual stocks for short term only are –
DON’T BUY ZONE – VEDANTA, ITC, TITAN, AXIS BANK, ASIAN PAINT, HINDALCO, YES BANK
HOLD ZONE –MARUTI, RELIANCE INDUSTRIES, TCS, INFOSYS, HDFC BANK
BUY ZONE- HDFC (as per technical analysis rules, it’s a buy indication, but since markets have been quite volatile, it’s not a sure opportunity. Buy only if you have risk appetite. Otherwise ignore it)
WAIT TO SELL ZONE – SBI, M&M
All the best!
Dr.Bharath Chandra & Rohan
