Quiet day for markets

Blog meant for 10 October Tuesday 2017

Dear Friends,

A positive day for Nifty as it crossed above the 10000 mark but finally it closed almost flat at 9989, up 9 points.

European markets have closed flat and even US markets are trading flat as of now.

Nifty is in Hold zone. But today markets traded in a narrow range. We have to see if Asian markets can help our markets trade positive and go above the 10000 mark.

The technical analysis is as follows for short term –

HOLD – RELIANCE, YESBANK, HINDALCO, INFOSYS

Wait to Sell –  VEDANTA

JUST BUY – M&M (It has just gone above the red line. You can buy tomorrow or wait for another day and see the global cues and then buy).

WAIT TO BUY –  TCS, TITAN, HDFC

DON’T BUYS ARE – SBI, ASIAN PAINT, LARSEN, HDFC BANK, ACC, MARUTI

All the best!

Dr.Bharath Chandra & 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)