Still most stocks are in Hold zone for short term

Dear friends,

Nifty closed 22 points higher on Friday and closed above the 9100 mark. Markets have been little quiet in the last few days and seem to be consolidating after the rise a few days earlier. The global cues are also flat with no major momentum in either direction.

The indications for short term are –

THE HOLDS ARE – HDFC BANK, BHEL, INFOSYS, RELIANCE, ASIAN PAINT, L&T,  HDFC,  ITC, LUPIN

Wait to Sell – TITAN

Sell – MARUTI

Buy – SBI

Don’t Buy – DIVISLAB, AXIS BANK, M&M, TCS, ONGC

Too late to Buy or Hold – LUPIN

This week is the last week of this Financial Year. Hope all your investments with respect to 80C deductions have been made and recorded. From April 1 which is the beginning of the New Financial Year, plan your investments for tax savings right from the beginning. If you plan to invest in ELSS (Equity Linked Savings Scheme) or Tax Saving Mutual Funds, it is better to invest on a monthly basis itself so that the price that you pay is averaged out over the entire financial year.

All the best!

Dr.Bharath Chandra