BLOG MEANT FOR 23 JULY 2018 Monday
Dear friends,
Nifty has been moving like a see-saw. It is moving up and down with lot of volatility. It went up by 53 points and closed above 11000 mark again.
European & US markets closed lower on Friday.
The volatility is because markets are near the all time highs and also because the companies are announcing quarterly results during the last 2 weeks and more companies will announce in the coming month or so.
Lets see what happens tomorrow on the last day of the week.
Nifty is in HOLD zone for short term.
The indications for individual stocks for short term only are –
DON’T BUY ZONE – VEDANTA, HINDALCO, TITAN
WAIT TO BUY – SBI
HOLD ZONE – TCS, INFOSYS, HDFC, MARUTI, ASIAN PAINT, HDFC BANK, YES BANK, RELIANCE INDUSTRIES, ITC, AXIS BANK
WAIT TO SELL – M&M
Long term investors must continue regular SIP investments in Stocks.
Read the following article on popularity and increase in SIP investments over the last few years –https://www.moneycontrol.com/news/business/mutual-funds/what-is-driving-sip-inflows-even-when-equity-markets-are-volatile-2741821.html
All the best!
Dr.Bharath Chandra and Rohan
(THE ABOVE COMMENTS ARE ONLY THE PERSONAL VIEWS OF THE AUTHORS OF THIS BLOG. PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ANY INVESTMENT DECISIONS. THE READER OF THIS BLOG MUST UNDERSTAND AND TAKE FULL RESPONSIBILITY FOR THE PROFIT OR LOSS MADE BY TAKING ACTIONS BASED ON THE ABOVE VIEWS)
