Positive close inspite of negative global cues

Blog meant for 28 Nov 2017 Tuesday

Dear Friends,

As mentioned in the blog yesterday, markets started weak and negative today. However, towards the last hour of the day, Nifty turned positive and finally closed 10 points higher at 10399.

Today, our markets managed to close positively inspite of the negative global cues. Even tonight, markets in Europe and US are trading negative. It is likely that our markets will open weak tomorrow morning.

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

THE DON’T BUYS ARE- YES BANK, VEDANTA, HINDALCO, ASIAN PAINT, ITC

WAIT TO BUY –  Kotak Mahindra Bank, HDFC

As a long term investor, if you are buying certain companies on a monthly basis after ensuring that their fundamentals are in place currently, we need not worry if the share price of the company falls a little in the short term due to short term fluctuations or some minor negative news in the markets. As long as the profits of the companies we have invested in is increasing every quarter or year and also the sector is doing well, we can continue to hold and add to it by buying more every month.

Only if and when the business performance of the company deteriorates and it is looking like the company is losing its market share in its industry, then we have to decide whether the company is facing some temporary problems or is it more permanent due to which the share price is falling.

So invest regularly for long term and let the power of compounding reward you for your patience.

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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)