So far markets looking strong

Blog meant for 24 Jan 2018 Wednesday

Dear Friends,

Indian markets going up very easily every day. Today, Nifty crossed the 11,000 mark and closed at 11084. Global cues are still quite strong. However, there could be profit booking anytime. Hence, be alert and follow the rules of the graph.

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, M&M, ITC, RELIANCE INDUSTRIES

BUY – HINDALCO

BUY – SBI (it has come up quite a lot above red line. Can be bought for short term, but little risky since it has already moved up a lot today. You may also decide to ignore the buy indication if you want)

WAIT TO BUY – MARUTI

Fresh buy indications for short term must be done with caution and investors need to be alert and aware of the indication to sell.

Long term investors can continue monthly investments in bluechip stocks suggested in the Workshop.

All the best!

Dr.Bharath Chandra and 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)