Profit booking but still most stocks in Hold zone

Blog meant for 9 Aug 2017 Wednesday

Dear friends,

Negative day for markets as Nifty was weak throughout the day and finally fell by 79 to close at 9979. The US and European markets are slightly positive as of now. The quietness of the markets in the previous few days was broken today by the downward movement as part of the profit booking and consolidation.

As per technical analysis, Nifty is in Hold zone. The indications for individual stocks for short term are –

THE HOLDS ARE – Maruti, Yes Bank, Reliance, ACC,  SBI, HDFC Bank, TCS, HDFC, Titan

Wait to Sell – L&T, M&M, Asian Paint

Don’t Buy – ITC, Infosys

If you are holding stocks for short term, be alert and ready to sell if markets fall futher.


All the best!

Dr.Bharath Chandra & Rohan

About the author

Dr. Bharath Chandra

Hi there! This is Dr. Bharath Chandra & Rohan, International Trainers & Success Coaches. We have addressed more than a crore people on Stock Market, Personality Development, Wealth Management and Financial Planning over the past 35 years.

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