Blog meant for 20 Feb 2018 Tuesday
Dear friends,
As expected and mentioned in blog yesterday, Nifty was weak throughout the day and at some times had fallen upto low of 10302 but finally closed 74 points lower at 10378. Global cues are negative tonight in Europe and US and hence there is good chance the negative sentiment may continue tomorrow in Asian markets and our markets.
The analysis for Short term as per technical analysis is as follows:
Nifty is in Don’t Buy zone.
The indications for individual stocks are –
DON’T BUY – HINDALCO, ASIAN PAINT, TITAN, MARUTI, VEDANTA, M&M, HDFC BANK, SBI, ITC, YES BANK, AXIS BANK, HDFC, TCS
WAIT TO BUY – RELIANCE INDUSTRIES
HOLD – INFOSYS (when entire markets are moving in one direction and a single company is moving in opposite direction, it is safe to ignore it since it can any time become weak and fall)
Currently, there is no Buy indications for short term.
Only buy bluechip stocks on a monthly basis for long term..
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You may have noticed that the large cap companies or bluechips are not falling as much as the smaller companies. This is simply because of the strength of the bigger companies. The smaller companies fall the most and the first during a falling market such as now.
Stick to the bluechips for your safety and peaceful sleep at night
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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)
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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