Spectacular rally

Blog meant for 18 Jan 2018 Thursday

Dear Friends,

Spectacular rally for Nifty as it touched 10800 and finally closed at 10788. Sensex closed above 35000 for the first time in its history.

Global cues are quite positive and hence our markets could open positively too.

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, HINDALCO

WAIT TO SELL – M&M

WAIT TO BUY – RELIANCE INDUSTRIES, SBI

BUY – ITC (you can ignore this buy indication since markets have reached a very high level and profit booking or fall can happen any time)

THE DON’T BUYS – MARUTI

There are no fresh buy indications for short term as of now.

Let us see if markets touch new highs today.

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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