Wait to Sell for Nifty

Blog meant for 24 May 2017 Wednesday

Dear friends,

Profit booking pushed Nifty lower by 52 points to close below the 9400 mark at 9386. Global cues are mixed today as well and hence our markets may open little quiet.

As per 30 days moving average, Nifty is in Wait to Sell zone. Unless, markets pick up, this rally looks like it it coming to an end.
The indications for short term for individual stocks are as follows –



Buy – M&M (It has once again crossed the red line. If buying, caution is required since most individual stocks are on a downtrend and the Nifty index is looking little weak. Buy if you have risk appetite)

Wait to Sell – L&T

Wait to Buy –

Don’t Buy –  LUPIN, DIVISLAB, BHEL, Reliance, ONGC,  HDFC, Axis Bank, Titan

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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