Positive close after many days

Blog meant for 21 April 2017 Friday

Dear friends,

After many days of negative closes, Nifty closed slightly positive. The global cues have recovered and are all in positive territory.

With the rise in Nifty, it has once again entered the Just Buy zone. The indications for short term are as follows – 

THE HOLDS ARE – RELIANCE, L&T, HDFC, ITC, MARUTI, HDFC BANK, TITAN, BHEL, SBI

Wait to Buy – ASIAN PAINT

Don’t Buy – TCS, DIVISLAB, ONGC, INFOSYS, LUPIN, M&M,  AXIS BANK

The results of many companies which have been announced so far have not been up to the mark or the below the expectations of the investors and hence many individuals have fallen on the day of the results.

Sometimes, even if the results are good but if it is below expectations, then the investors or market is disappointed and sells.

As of now no new action to be taken for short term. Just watch the markets. Long term investors can and should invest on a monthly basis.

All the best!

Dr.Bharath Chandra