Slightly weak global cues

Blog meant for 20 April 2018 Friday

Dear friends,

Nifty went up by 39 points today and closed at 10565. But, global cues are negative tonight. European markets are quite flat but US markets are down by around 1%.

There is a chance of markets trading weak tomorrow due to negative global cues.

Nifty is in Hold zone for short term.

The indications for individual stocks for short term only are –

TOO LATE TO BUY – VEDANTA, YES BANK (went up in just one day. It is too late to buy for short term since it has gone too high above the red line)

DON’T BUY –  SBI, INFOSYS, AXIS BANK

HOLD – TITAN, MARUTI, M&M, ASIAN PAINT, HDFC BANK,  RELIANCE INDUSTRIES, HINDALCO, TCS, HDFC, ITC

Long term investors should invest regularly every month without worrying about the movement of stocks in short term.

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)