Nifty confused on direction to take

Dear friends,

Today was a quiet day for Nifty as it moved in a narrow range the entire day and finally closed 9 points lower. Global cues are also mixed and relatively quiet with no major momentum.

Markets may be consolidating after reaching all time highs recently.

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, L&T

Wait to Sell – M&M, Asian Paint

Sell – Infosys

Don’t Buy – ITC

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We would like to share an interesting article  on investing –

http://www.moneycontrol.com/news/business/personal-finance-business/dont-have-enough-cash-to-invest-even-rs-75-per-day-for-next-20-years-can-get-you-rs-33-lakh-2352047.html

Encourage your friends and family to become financially literate since it is an essential skill that all people need to have. It has become almost as important as being ‘literate’ in terms of reading and writing English etc.

People who invest better will be financially settled earlier in life and not people who just earn well but do not invest well.

All the best!

Dr.Bharath Chandra & Rohan