Blog meant for 29 Dec 2016.
Dear friends,
The Nifty was up only by two points yesterday though initially it went for a rally.
Probably profit booking and nervousness was the result.
Nifty ended the day with 8035.
Christmas vacation is coming up and none wants to take a position now.
May be a rally may start after the vacation!!
In general my feeling is, this is the great buying opportunity for long term investors.
Long term means one who wishes to hold for at least two to three years.
Most of the blue chips are trading at very attractive prices.
Time to accumulate.
Analysis.
DONT buy are- AXIS BANK, BHEL, HINDALCO, LT, LUPIN, ONGC, SBI, VEDANTA, TITAN etc
HOLD ARE- INFOSYS, MARUTI, RELIANCE, TCS
WAIT TO BUY ARE- HDFC, HDFC BANK, M&M,
In general time to relax.
Do nothing. Keep the money ready.
Just watch the market.
All the best for the new year.
Dr Bharath Chandra
