Quiet close for Nifty

Blog meant for 16 Feb 2018 Friday

Dear friends,

Positive day for our markets today as Nifty closed 45 points higher. Asian markets, European and US markets are also positive tonight. Even though global cues have been little positive in the last 2-3 days, Indian markets have not been able to get a good rally due to pessimism which started after the Budget.

The analysis for Short term as per technical analysis is as follows:

Nifty is in Don’t Buy zone.
The indications for individual stocks are –

THE HOLDS ARE- RELIANCE INDUSTRIES

DON’T BUY – HINDALCO, ASIAN PAINT, TITAN, MARUTI, VEDANTA, M&M, HDFC BANK,  SBI, ITC, YES BANK, AXIS BANK,

WAIT TO BUY –INFOSYS, HDFC, TCS

Please note that there are no fresh buy indications for short term as of now. Inspite of repeating this sentence in the last few sentences, we are still receiving queries on what to buy for short term etc.

Not taking action in such situations shows the discipline and patience of an investor. Taking action at the right time is important. Many people confuse it thinking taking action at ‘any time’ is important.

Long term investors can invest regularly every month in the bluechip stocks.

This week so far has been relatively quiet when compared to last week. Lets see how markets move tomorrow.

——-

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)

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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