Nothing to buy for short term

Blog meant for 6 March 2018 Tuesday

Dear friends,

As expected, Nifty fell today by almost 100 points to close at 10359. Today’s fall was mainly due to negative global cues. However, tonight European and US markets are positive. But, markets are generally looking weak.

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, VEDANTA

HOLD –  TCS

WAIT TO SELL – Infosys

SELL – Reliance Industries,

There are no fresh buy indications for short term as of now.

Continue to invest on a monthly basis for long term.

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)