BLOG MEANT FOR 12 SEPTEMBER 2018 Wednesday
The negative trend in our markets continued today too as Nifty once again fell by 151 points and closed below 11300. Global cues are mixed tonight with some markets slightly positive and some marginally negative.
As mentioned in the blog on Sunday itself, we should not be surprised with the fall in the markets during the last 2 days. Markets had been going up almost continuously and touching new highs everyday, and hence it was bound to fall sometime.
This is part of the Stock Market fluctuations and it is nothing new. This is a good learning experience for new investors to understand how markets behave.
We have to wait and see if the downtrend will continue and slowly markets fall below 11000 and reach much lower levels.
If you are a long term investor, such falls should be welcome and it is a good time to invest. If markets fall further, we can continue to invest regularly in those good companies.
Nifty index is in Don’t Buy Zone for Short term.
The indications for individual stocks for short term only are –
HOLD ZONE – AXIS BANK, INFOSYS
DON’T BUY ZONE – HDFC BANK, ASIAN PAINTS, YES BANK, MARUTI, SBI, TITAN, HDFC, M&M, ITC
SELL ZONE – VEDANTA
WAIT TO SELL ZONE – TCS, HINDALCO, RELIANCE INDUSTRIES
Long term investors can continue to invest regularly every month in the selected good companies suggested in the Workshop. Do not invest in smaller and inferior companies. It will result in unnecessary, additional risk.
Watch the following video which will give you some idea on how Stock Market cycles work – https://www.moneycontrol.com/news/business/markets/money-wise-with-smart-alex-part-4-pratik-learns-all-about-market-cycles-and-how-they-work-2935631.html
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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)