Strong rally – hold for short term

Blog meant for 5 April 2017 Wednesday

Dear friends,

Stock Markets were closed today on account of Ram Navami.

Huge rally for Nifty on Monday in the first day of the New Financial Year. Nifty rose by 64 points to close at 9238 which is a record high. Global cues are mixed and somewhat flat.

The indications for short term are –

THE HOLDS ARE –  RELIANCE, L&T,  HDFC, ITC, SBI, HDFC BANK, ASIAN PAINT, TITAN, BHEL

Buy –  MARUTI (It showed Just Buy indication yesterday and went up today. It is in Buy or Hold zone. If you bought today morning  you can hold it. If you did not buy, you can still buy tomorrow provided you have risk appetite)

Sell – INFOSYS

Wait to Buy – AXIS BANK

Don’t Buy – TCS, DIVISLAB, M&M, ONGC, LUPIN

Markets are at life time high. But do not ignore monthly investments for long term. If you have a time horizon of 10 years plus, stopping to invest when markets are high or low will result in less wealth at the end of your investment period.

All the best!

Dr.Bharath Chandra

About the author

Dr. Bharath Chandra

Hi there! This is Dr. Bharath Chandra & Rohan, International Trainers & Success Coaches. We have addressed more than a crore people on Stock Market, Personality Development, Wealth Management and Financial Planning over the past 35 years.

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