Take action for long term investment only

Blog meant for 18 Nov 2016 Friday

Dear friend,

Another dull day for the markets as Nifty closed 31 points lower to close below 8100 mark. Europe and US markets are trading slightly positive tonight. However, major good news is required for markets to cheer up and rise.

Nifty is in Don’t Buy zone. As per 30 days moving average graph, the following are the indications for short term –

Don’t Buy – Titan, Infosys, TCS, L&T, Maruti, HDFC, M&M, Axis Bank, HDFC Bank

Our markets continue to be provide opportunities for long term purchase but no immediate purchase for short term.

In fact as long term investors we must wish for markets to fall further so that we can buy at cheaper rates. We only need to have high rates when we plan to sell which may not be in the near future.

Lets see what happens in the coming days and whether the demonetisation problems can be sorted at the earliest.

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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