Markets volatile due to expiry of Futures & Options contracts

BLOG MEANT FOR 30 AUGUST 2018 Thursday

Dear friends,

As mentioned in the blog yesterday, Nifty had some profit booking today due to slightly weaker global cues. Also, tomorrow is the expiry date for Futures & Options contracts and hence it could be a volatile day.

Nifty index is in Hold Zone.

The indications for individual stocks for short term only are –

HOLD ZONE – RELIANCE INDUSTRIES, ITC, AXIS BANK, SBI,  TCS, M&M, HINDALCO, INFOSYS, VEDANTA

DON’T BUY ZONE – HDFC BANK, TITAN, ASIAN PAINTS, YES BANK

WAIT TO BUY ZONE – HDFC

WAIT TO SELL – MARUTI

Continue monthly investments for long term. Do not worry about the day to day fluctuations in short term. As long as the business performance of the companies stays good, we can continue to invest for long term in such companies.
We just need to have patience to make our money grow just like how we have patience to wait for our Long term trees such as Teak, Sandalwood etc.

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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)

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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