Blog meant for 28 September Thursday 2017
Dear Friends,
Another negative day for our markets as Nifty fell by 136 points to close at 9736. The global cues were mixed and the European and US markets are positive as of now.
Markets fell majorly after news reports came that the Indian army had made surgical strikes in Mynanmar against some Naga militants.
The foreign investors have been continuously selling Indian stocks since August beginning and hence this fall. Other global markets have not fallen much during the same period compared to our markets. They must be of the opinion that Indian stocks had become very expensive especially considering that the Indian economy GDP has decreased to 5.7% compared to more than 7% in the previous year.
Such a fall is good for markets since the markets are adjusting to the actual economic and company situation rather than over optimism.
The technical analysis is as follows for short term –
SELL – RELIANCE, YESBANK, MARUTI, HDFC BANK, VEDANTA,
DON’T BUYS ARE- SBI, M&M, ACC, TITAN, HDFC, ASIAN PAINT, LARSEN, INFOSYS, HINDALCO
BUY – TCS, (Since Nifty is in Don’t Buy zone, the buy indication for TCS can be ignored and hence you need not buy)
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Question of the Day
Question – Can we invest any lumpsum in such situations since markets have fallen quite a lot in the last one week?
Answer –
Yes, if you are having any lumpsum amount, you can invest in 3-4 instalments at least. For example, if you have Rs.2 lakhs to invest, you can invest Rs.50,000 in 4 instalments by dividing the amount equally among the stocks suggested during the Workshop for long term.
For example, Rs.50,000 should be divided equally in all bluechip companies suggested. Similarly, the next Rs.50,000 can be invested again after a few days in the same stocks.
In this way, you will benefit if markets fall further since you will be able to buy the stocks at lower prices.
Also, the monthly investments for long term can also be continued as usual.
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Dr.Bharath Chandra & 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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