Positive close today but consolidation can happen anytime

BLOG MEANT FOR 10 AUGUST 2018 Friday

Dear friends,

Nifty went up by 21 points and closed at 11471. Markets are reaching new highs everyday. However, profit booking or fall in market is possible any day since markets cannot go up continuously for too long.

Usually markets fall when retail investors don’t expect. It usually comes as a surprise for people. However, it should not be a surprise to us especially since markets at such high levels.

As long term investors, we will be investing regularly every month with at least 8 years plus vision or investing One time lumspum and not looking to sell any time before 10 years. Hence, market fall or rise will not make a big difference for long term investors.

For short term trades, we must follow the graph and buy and sell accordingly.

Global stock markets are showing mixed signals since some have closed negative whereas some are slightly positive.

Nifty index is in Hold Zone.

The indications for individual stocks for short term only are –

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

WAIT TO SELL ZONE – HDFC

DON’T BUY ZONE –  HDFC BANK, MARUTI

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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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