Markets were weak on Monday due to weak global cues. It is likely to be weak on Tuesday too due to negative global cues.
European and US markets have closed negative on Monday evening. Even the Asian markets look like they are negative on Tuesday morning.
Nifty is in Hold zone for short term.
The indications for individual stocks for short term only are –
DON’T BUY ZONE – VEDANTA, ITC, HDFC, TITAN, AXIS BANK, YES BANK, ASIAN PAINT, HINDALCO
HOLD ZONE– INFOSYS, SBI, M&M, MARUTI, RELIANCE INDUSTRIES, TCS
SELL ZONE– HDFC BANK
No fresh buy indications as of now for short term.
Only buy for long term as per your original plan.
All the best!
Dr.Bharath Chandra & Rohan