Weak global cues for tomorrow

BLOG MEANT FOR 16 AUGUST 2018 Thursday

Dear friends,

Surprise rally on Tuesday as Nifty went up by 79 points.

However, tonight all the Asian, European & US markets are deeply negative. Hence, it is likely that our markets may also be weak tomorrow.

Nifty index is in Hold Zone.

The indications for individual stocks for short term only are –

HOLD ZONE –INFOSYS,  RELIANCE INDUSTRIES, ITC, AXIS BANK, SBI, TITAN, TCS, M&M, HINDALCO

TOO LATE TO BUY ZONE– YES BANK

DON’T BUY ZONE – HDFC, VEDANTA, HDFC BANK, MARUTI

SELL ZONE- ASIAN PAINTS

Long term investors should continue to invest every month regularly without worrying about short term fluctuations.

Please read the following article on what is compunding. This is useful who may not have understood it.

https://wap.business-standard.com/article/pf/the-magic-of-compounding-how-to-make-the-most-of-your-investment-118081400131_1.htm

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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)

 

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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