BLOG MEANT FOR 16 AUGUST 2018 Thursday
Dear friends,
Surprise rally on Tuesday as Nifty went up by 79 points.
However, tonight all the Asian, European & US markets are deeply negative. Hence, it is likely that our markets may also be weak tomorrow.
Nifty index is in Hold Zone.
The indications for individual stocks for short term only are –
HOLD ZONE –INFOSYS, RELIANCE INDUSTRIES, ITC, AXIS BANK, SBI, TITAN, TCS, M&M, HINDALCO
TOO LATE TO BUY ZONE– YES BANK
DON’T BUY ZONE – HDFC, VEDANTA, HDFC BANK, MARUTI
SELL ZONE- ASIAN PAINTS
Long term investors should continue to invest every month regularly without worrying about short term fluctuations.
Please read the following article on what is compunding. This is useful who may not have understood it.
https://wap.business-standard.com/article/pf/the-magic-of-compounding-how-to-make-the-most-of-your-investment-118081400131_1.htm
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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)
