Stocks in Wait to Sell zone

Dear friends,

Downtrend continued on Monday as Nifty closed 63 points lower at 9045. The global cues also are mixed and hence no major positive signals as of now.

The indications for short term are –

THE HOLDS ARE – BHEL, INFOSYS, RELIANCE, L&T,  HDFC, ITC, SBI

Wait to Sell – HDFC BANK, ASIAN PAINT, TITAN

Sell –  LUPIN

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

Nifty is in Wait to Sell zone and so are many of the individual stocks. It is looking like this rally is coming to an end.

Many stocks have given good returns for short term in the last 2-3 months.

All the best!

Dr.Bharath Chandra