Some Buy & Wait to Buy indications

Blog meant for 9 October Monday 2017

Dear Friends,

Good rally for Nifty on Friday as it rose by 91 points. It closed at 9979. Global cues were mixed on Friday. Markets have been moving up and down in the last one month with no particular direction sustaining for considerable period.

Nifty has entered Buy zone after Friday’s rally. However, most of the stocks have not yet entered Buy zone. Let us wait and see if this actually a rally where we can make some short term profits.

The technical analysis is as follows for short term –

HOLD – VEDANTA, RELIANCE

BUY – YESBANK

TOO LATE TO BUY OR HOLD – HINDALCO, INFOSYS

WAIT TO BUY – M&M, ACC, MARUTI

DON’T BUYS ARE – SBI, ASIAN PAINT, LARSEN, TCS, TITAN, HDFC, HDFC BANK

Sometimes in short term trades, you may incur a loss of 1-2% if the market or stock falls immediately after a Buy indication. It is a part of how Stock Markets work in short term. Over a period, the profits will cover up the small losses and give decent returns compared to any other instrument.

In the long term, if we invest in good quality companies, monitor them on a regular basis and hold for 8-10-15-20 years, the profits will be substantial and will help in creating good amount of wealth for ourself and our families.

Do not ignore long term investments. Do not worry that your savings are small. Any amount invested regularly is good for long term.

———–

Dr.Bharath Chandra & 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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