Weak global cues

Blog meant for 4 May 2018 Friday

Dear friends,

Weak global cues and profit booking lead to Nifty falling by 38 points to close at 10680. Similarly, many of the individual stocks fell marginally. Asian, European and US markets are all negative tonight and tomorrow could be a weak opening for Nifty too.

Nifty is in Hold zone for short term.

The indications for individual stocks for short term only are –

DON’T BUY –  MARUTI, SBI, VEDANTA

WAIT TO SELL – TITAN

HOLD – M&M, RELIANCE INDUSTRIES, TCS, ITC, YES BANK, INFOSYS, HDFC, ASIAN PAINT, HDFC BANK, AXIS BANK, HINDALCO

Long term investors should continue to invest every month without missing for any reason. Even a small amount invested regularly becomes a big amount many years later.

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All the best!

Dr.Bharath Chandra and Rohan

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(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)