Blog meant for Friday 1 September 2017
Dear Friends,
Markets up by about 34 points to 9918.
30 DMA for Nifty is at 9912. So technically speaking Nifty still not in buy zone.
Tomorrow if markets go up Nifty and many many stocks will enter buy zone.
As of now many stocks are in buy and hold zone as indicated by the blog of many past days.
Today few more fresh stocks have come to buy zone.
As of now even the global cues are positive.
Chances of Nifty going up tomo is quite bright.
Let us hope for the beginning of a strong and sustained rally.
The analysis of today for tomo is as follows.
THE HOLDS ARE- ACC, ASIAN PAINT, HDFC, HINDALCO, TITAN, VEDANTA, YESBANK.
THE JUST BUYS ARE- MARUTI, RELIANCE,
THE BUY IS- HDFCBANK.
THE WAIT TO BUYS ARE- ITC, TCS.
DONT BUYS ARE- AXISBANK, INFOSYS, LARSEN, M&M, SBI,
Presently the markets are very volatile and whenever it goes down it invariably bounces back at once.
All short term investors be careful in case markets start going down because in my opinion for a long time we had bull run and imminent bear market is staring at us any time!!??
All the best.
Dr Bharath Chandra and Rohan
