BLOG MEANT FOR 31 AUGUST 2018 Friday
Dear friends,
Weak day for our markets today as expected. Nifty finally closed 15 points lower at 11677. Global cues are all weak tonight. Asian, European and US markets are all negative.
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, HDFC
SELL – MARUTI
If you are a purely long term investor, and do not do short term trades, then just read the blog regularly and ensure that you do not miss any updates / comments on what to do for long term.
Many people do not read the blog regularly and miss out some important information on action to be taken for long term investments etc.
As mentioned in the blog few days back, the blog will not be delivered via email to ‘non’regular readers of the blog and hence ensure that you read everyday.
Hence, make it a habit to read the blog daily just like reading or watching daily news. Blog reading hardly takes 3-5 minutes per day.
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31 Aug – IT Returns Filing deadline
Tomorrow (31 Aug) is the last day to file Income Tax returns for Individuals. If you have still not done so, please do it without fail tomorrow since the Government will levy a penalty of Rs.5000 per late filing.
Do not miss any declaring any taxable income that you have earned in the previous year including Capital Gains from Stock Markets while filing the IT Returns.
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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)
