BLOG MEANT FOR 4 JULY 2018 WEDNESDAY
Dear friends,
Volatile but positive day for markets. Nifty rose by 43 points and closed just below 10700. As of now, European markets have closed positively and US markets are marginally lower. Nifty may be flat to positive.
Nifty is in JUST BUY zone for short term.
The indications for individual stocks for short term only are –
DON’T BUY ZONE – AXIS BANK, SBI, ITC, HINDALCO, VEDANTA
HOLD ZONE – TCS, INFOSYS, HDFC, MARUTI, ASIAN PAINT
WAIT TO SELL ZONE – HDFC BANK, YES BANK
WAIT TO BUY ZONE – M&M
SELL ZONE– TITAN (it fell slightly and is showing sell indication. To be on safer side, can be sold and bought back if it goes higher later)
JUST BUY ZONE – RELIANCE (it is showing Just buy indication as per the graph. Buy with caution if you have risk appetite)
Long term investors can continue to invest regularly every month.
All the best!
Dr.Bharath Chandra & Rohan