Blog meant for 12 Feb 2018 Monday
Dear friends,
Nifty continued to be weak as it fell by 122 points to close below the 10500 mark. On Friday, global markets were mixed. European markets close negativity whereas the US markets recovered and went up by around 1 %.
Monday’s movement will depend on Asian markets open after one week of weakness. Our markets will take support and direction based on how the new week starts.
The analysis for Short term as per technical analysis is as follows:
Nifty is in Don’t Buy zone.
The indications for individual stocks are –
THE HOLDS ARE- TCS
DON’T BUY – HINDALCO, ASIAN PAINT, TITAN, MARUTI, VEDANTA, RELIANCE INDUSTRIES, M&M, YES BANK, HDFC BANK, HDFC, AXIS BANK, SBI
WAIT TO SELL – INFOSYS, ITC
There are no fresh buy indications for short term. Do not unnecessarily enter trades for short term.
Only invest for long term in only the bluechip companies suggested in the Workshop.
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Question from one of our Graduate –
Please advice on which shares to buy for short term right now?
Our Answer –
We write the blog on every market day to inform what needs to be done for short term and also general comments about the Stock Markets. Inspite of repeatedly writing that there is no fresh buy indications for short term as of now, we get emails everyday asking about the same things which are mentioned in the blog. We wonder whether our Graduates read the blog or not.
Also, another thing we keep noticing is that our Graduates state that they do not have time to read the blog on a daily basis and hence they read the blog once in many days or weeks.
The blog takes not more than 5-10 minutes to read. Most days it may take lesser than 5 minutes to read. If we cannot make 5 -10 minutes for our investments and personal finance, then it is better to be away from Stock Markets since if we do not track/ monitor our investments, then it could be dangerous to our financial health.
Many times in the past, we would have stated in the blog to stop purchasing a particular share for long term or some other important information, but Graduates who do not read the blog miss out on this information. After 1-2 years, we suddenly receive email saying that they have been investing in a particular company’s share and that has fallen a lot and they ask whether they should continue investing on a monthly basis or sell the share.
We urge our Graduates to make time everyday to read the blog so that you are up to date with latest updates.
It is for your own interest and benefit that you monitor and take care of your finances.
If you do not take care of your finances from a young age, then your finances will not take care of you when you are older!
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All the best!
Dr.Bharath Chandra and Rohan
Please do not comment on the blog. Any questions or clarifications can be asked by sending us an email with your registration number given to you during the Workshop. Questions without quoting registration number will not be answered.
(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)
About the author
Dr. Bharath Chandra
Hi there! This is Dr. Bharath Chandra & Rohan, International Trainers & Success Coaches. We have addressed more than a crore people on Stock Market, Personality Development, Wealth Management and Financial Planning over the past 35 years.
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