BLOG MEANT FOR 21 AUGUST 2018 Tuesday
Dear friends,
There seems to be nothing to stop the uptrend in our markets. Nifty went up by 81 points and closed at new life time high of 11552.
Asian markets and European markets provided good support for our markets today. However, as of now, US markets are marginally lower.
All looks good for markets as of now. However, we should expect profit booking any time.
Nifty index is in Hold Zone.
The indications for individual stocks for short term only are –
HOLD ZONE –INFOSYS, RELIANCE INDUSTRIES, ITC, AXIS BANK, SBI, TITAN, TCS, M&M, HINDALCO, YES BANK
DON’T BUY ZONE – HDFC, HDFC BANK, MARUTI
JUST BUY ZONE – ASIAN PAINTS (it has just closed above red line. Can be bought for short term if you have risk appetite).
BUY ZONE – VEDANTA (it has gone around 2% higher than the red line. It can be bought but additional risk involved because it has crossed red line by some margin)
Do not get carried away by the high prices. If you have bought for Long term, then continue to hold and invest regularly. Do not stop monthly investments for any reason.
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All the best!
Dr.Bharath Chandra and Rohan
(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)
