No support from global cues

Blog meant for 1 March 2018 Thursday

Dear friends,

Global cues continued to stay weak today and it pushed Nifty downwards. Nifty fell by 61 points at time of close. Even tonight, global cues are negative in Europe and US.
So, our markets could open slightly weak tomorrow also.

The analysis for Short term as per technical analysis is as follows:

Nifty is in Don’t Buy zone.

The indications for individual stocks for short term are –

DON’T BUY – HINDALCO, ASIAN PAINT, TITAN, MARUTI, M&M, SBI, YES BANK, AXIS BANK, ITC, HDFC BANK, HDFC

HOLD – Reliance Industries, Infosys

SELL – VEDANTA

WAIT TO SELL – TCS

There are no fresh buy indications for short term as of now. Do not take any unnecessary actions for short term.

Long term investors can continue to buy bluechips on monthly basis. Do not worry about any short term fluctuations for buying for long term.

The graph and the blog are meant for only short term and long term investors should buy bluechip shares every month at whatever price it is available at.

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All the best!

Dr.Bharath Chandra and Rohan

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(The above comments are only the personal views of the authors of this blog. Please do your own research before taking any investment decisions. The reader of this blog must understand and take full responsibility for the Profit or Loss made by taking actions based on the above views)