Blog meant for 17 Jan 2018 Wednesday
Dear Friends,
Finally, markets consolidated today. Nifty fell by 41 points and closed at 10700. Global cues are mixed tonight. European markets have closed mixed and US markets are marginally positive as of now.
We have to see if markets recover tomorrow or it continues to stay weak like today.
The analysis for Short term as per technical analysis is as follows:
Nifty is in Hold zone.
The indications for individual stocks are –
THE HOLDS ARE- TITAN, VEDANTA, AXIS BANK, YES BANK, ASIAN PAINT, HDFC, TCS, INFOSYS, HDFC BANK
WAIT TO SELL – M&M, HINDALCO
SELL – MARUTI, RELIANCE INDUSTRIES, ITC
THE DON’T BUYS – SBI
There are no fresh buy indications for short term as of now.
What we meant in the blog yesterday regarding lumpsum investment is that if you have a huge amount to invest such as 5-10-15-20 lakhs or more, then invest in a phased manner and spread the investment over many months.
If you are investing Rs.50,000 or 1 lakh or 2 lakhs, then you need not stretch the investment too much. You can invest in 1-2 months or so and invest more later as you have more funds.
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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