BLOG MEANT FOR 11 SEPTEMBER 2018 Tuesday
As we mentioned in the blog yesterday, markets were due to fall and it fell massively today. Nifty fell by 151 points to close at 11438. Asian market cues were negative in the morning and our markets just fell from then. European and US markets are marginally positive as of now.
However, markets could become weaker if global cues do not help our markets.
Since Indian Rupee has fallen below Rs.72 per US Dollar and global oil prices are also rising, it is hurting the Indian economy and hence the negative sentiment.
Anyway, for long term, it is a good chance to buy good companies at lower prices whereas for short term, there anyway no buy indications as of now.
Nifty index is in Sell Zone for Short term.
The indications for individual stocks for short term only are –
HOLD ZONE – AXIS BANK, TCS, HINDALCO, INFOSYS, RELIANCE INDUSTRIES
DON’T BUY ZONE – HDFC BANK, ASIAN PAINTS, YES BANK, MARUTI, SBI, TITAN, HDFC
SELL ZONE – M&M, ITC
WAIT TO SELL ZONE – VEDANTA
Long term investors can continue to invest regularly every month in the selected good companies suggested in the Workshop.
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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)