Positive global cues for Monday

Blog meant for 2 April 2018 Monday

Dear friends,

Last Wednesday was a week day for markets as Nifty fell by 70 points. However, after that, global cues have been positive. Looking at the global cues for tomorrow, Asian markets and Nifty is likely to open positively.

Nifty is in Don’t Buy zone for short term

The indications for individual stocks for short term are –

DON’T BUY – HINDALCO, TCS, VEDANTA, YES BANK, AXIS BANK, RELIANCE INDUSTRIES, ITC

HOLD – TITAN, HDFC BANK, MARUTI

WAIT TO SELL –M&M, HDFC

WAIT TO BUY – SBI

SELL – INFOSYS, ASIAN PAINT

There are no fresh buy indications for short term as of now. Stay patient.

Buy only for long term regularly.

All the best!

Dr.Bharath Chandra and Rohan

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(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)