Some more buy indications for short term

Blog meant for 26 April 2017 Wednesday

Dear friends,

The rally in our markets continued today too. Nifty closed strongly 88 points higher at 9307. It is the highest closing level for the Nifty. The global cues are also mainly positive tonight. There is a chance of the rally continuing. However, we must be a little alert for any fall due to profit booking.

As per 30 days moving average, Nifty is in Hold zone. The indications for short term for individual stocks are –

THE HOLDS ARE – RELIANCE, L&T, HDFC, HDFC BANK, TITAN, BHEL, MARUTI, SBI, ASIAN PAINT

Buy – ITC, M&M

Wait to Buy –DIVISLAB

Too late to Buy / Hold –  Axis Bank (since it went by around 3.6% today, it may have reached too late to buy zone since it has already crossed and gone much higher than the red line compared to yesterday when it was slightly below the red line).

Don’t Buy – TCS, , ONGC, INFOSYS, LUPIN

When markets are at record high levels, investors feel very excited and happy about their investments and stocks. However, ups and downs are a part of the stock markets. It is better to be balanced and not be too excited in rising markets nor be too depressed when markets are falling or at low prices.

Markets will fall from one point and it is possible that our portfolio built up will lose a significant percentage temporarily. The investor who can mentally handle both ups and downs in the markets will usually end up creating good amount of wealth which will be much better than if it was invested in other bank deposits etc.

If you are committed long term investor, you must welcome falls in the markets as much as rises in the markets.

All the best!

Dr.Bharath Chandra

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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