Global factors affecting Indian Banking & Auto Sector
If you are a long term investor, this is the time to exit the market. With Greece & China crises, It is expected that the market will open in red.
Banking stocks like SBI, HDFC, ICICI have become weak on charts and are expected to fall & it will be the right time to exit.
Auto stock like Maruti Suzuki, Tata Motors, Hero & Bajaj are becoming slow due to delayed monsoon and are expected to fall for next 2 weeks.
My recommendations is to sell all the above companies as the charts of all these company shows negative trend.
If you are a long term investor, this is the time to exit the market. With Greece & China crises, It is expected that the market will open in red.
Banking stocks like SBI, HDFC, ICICI have become weak on charts and are expected to fall & it will be the right time to exit.
Auto stock like Maruti Suzuki, Tata Motors, Hero & Bajaj are becoming slow due to delayed monsoon and are expected to fall for next 2 weeks.
My recommendations is to sell all the above companies as the charts of all these company shows negative trend.
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