Positive close but global cues weak

Blog meant for 23 Nov 2017 Thursday

Dear Friends,

Nifty had a volatile day today and finally closed 15 points higher. At some points in the day it was trading in negative territory but finally closed higher. However, global cues are negative tonight as Europe and US are quite weak as of now.

The analysis for tomorrow for short term as per technical analysis is as follows:

Nifty is in Hold zone.

THE HOLDS ARE- AXIS BANK, MARUTI, SBI, TCS, TITAN, INFOSYS, M&M, RELIANCE, HDFC BANK

WAIT TO BUY – ASIAN PAINT, HDFC

THE DON’T BUYS ARE- YES BANK, VEDANTA, ITC, HINDALCO, Kotak Mahindra Bank

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The above stocks are for tracking and watching purpose only. You need not buy all the above stocks for short term. Only stick to the list of companies which were suggested during the Workshop and Buy them only when the Buy indication arises for them.

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)