BLOG MEANT FOR 28 AUGUST 2018 Tuesday
New record high for our markets. Nifty went up by 135 points and closed at 11692. It touched a high 11700 and then closed slightly below that level. Global cues are all positive tonight. It is looking like our markets may continue to stay strong due to strength in the rally.
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, HDFC BANK
WAIT TO BUY – MARUTI, ASIAN PAINTS, TITAN
BUY ZONE –YES BANK (Buy if you risk appetite. Be ready for any volatile movements)
Long term investors can continue to invest an amount regularly every month. Do not stop investments just because of high or levels of markets.
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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)