Only observe markets

Blog meant for 5 Dec 2016 Monday

Dear friends,

Nifty fell by 100 points on Friday to close at 8086 mark due to weak global cues as well as the concerns of demonetisation affecting the growth of the economy.

The RBI meeting on 7 Dec to decide whether to raise or cut interest rates will be a factor affecting the direction of the market in the next few days.

Also, the US Federal Reserve will have a meeting next week to decide on hiking interest rates there since unemployment in the US has reached a 9 year low. A rate hike by the US will result in many foreign investors selling in emerging markets like India and investing in the US markets.

Nifty is still in Don’t Buy zone. As per 30 days moving average graph, the following are the indications for short term –

Don’t Buy – Titan, L&T, HDFC, M&M, Axis Bank, HDFC Bank, Maruti, TCS

Sell – Infosys

Just watch the markets. There is no action for short term as of now.

The Students Workshop (12-19 years) has been scheduled from 23 Dec for 5 days in Bangalore. Registrations are going on since last 10 days. For details and Early Bird offer please cal 9632443333 or email successdigest@gmail.com.

Enrol your children for the Workshop as they will be hugely benefited from it. The topics of the Workshop are Studying Skills, Improving Memory & Concentration, Rapid Reading, Effective Listening Skills. Time Management, Goal Setting, Behaviour Modification & Maturity etc.

Please note that this Workshop is conducted only once a year.

All the best!

Dr.Bharath Chandra