BLOG MEANT FOR 14 SEPTEMBER 2018 Friday
Nifty recovered on Wednesday after two days of massive falls. It went up by 82 points to close at 11370. The rally was mainly helped by positive global cues and also recovery due to heavy falls in the recent days.
In falling markets, there will be some days of positive closes and similarly in overall uptrend also, there will be negative days now and then. Markets never go up continuously nor go down continuously. There is always up and down for markets in short term.
Although, we do not know if this is a start of a downtrend or not, but generally speaking, markets have been too strong and hence some weakness in markets in coming days is justified. Of course, nobody can be sure of which direction markets will take until it actually happens.
This is the reason that investing regularly every month is best since there is no need to predict markets in short term and over the long term, good companies will appreciate well.
Nifty index is in Don’t Buy Zone for Short term.
The indications for individual stocks for short term only are –
HOLD ZONE – INFOSYS, HINDALCO, RELIANCE INDUSTRIES
DON’T BUY ZONE – HDFC BANK, ASIAN PAINTS, YES BANK, MARUTI, SBI, TITAN, HDFC, M&M
WAIT TO BUY – ITC, VEDANTA
WAIT TO SELL ZONE –AXIS BANK, TCS
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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)