Blog meant for 1 Nov 2016 Tuesday
Dear friends,
Nifty at 8625 as on Sunday when there was one hour symbolic Muhurat trading. Markets were closed today on account of Diwali and hence markets are opening tomorrow after a long weekend. The global cues are weak due to the upcoming Presidential Elections in US and other global factors.
Nifty is still in Don’t Buy zone. As per 30 days moving average graph, the following are the indications for short term –
Hold – Maruti
Don’t Buy – Axis Bank, M&M, Titan, HDFC Bank, Infosys, HDFC
Wait to Sell – L&T
Sell – TCS
The US Presidential Elections are a week away. As more voting trends and news is announced, markets may be nervous since the entire world is indirectly affected by the policies of the US Government.
However, it does not stop from continuing our monthly investments in bluechips for long term.
All the best!
Dr.Bharath Chandra
