Market continues to make NEW HIGH but as suggested DO NOT get complacent. Considering current geo-political tensions, things can change quickly. What shall we expect moving forward!!!
What can we observe from below chart?
- Nifty well above MA(100) & MA(100) well above MA(200) - suggesting bullish character and trend continuation
- McClellan Index above EMA(59), however appears to be flattening - suggesting number of stocks advancing is lower than number of stocks declining which is signalling caution
Market back at top of the trend line, Will it pullback here? As long as it stays above MA(50), not much to worry about.
Weekly chart shows that market has managed to remain above WMA(10) and making NEW HIGHs.
Based on charts, it appears that as of now the trend is on FULL bullish acceleration. As long as, market stays above WMA(10) on weekly chart and MA(50) on daily chart, this rally will continue. However, every day we are getting new developments in geo-political events which can change market direction drastically, hence be alert.
What does it mean for our Investments?
Market remains bullish and trend continues...
What does it mean for our Investments?
- Mutual Funds - If invested in equities then stay put as we do not see any signs of danger so far. No need to worry about SIP as well. If in Cash/FDs/Liquid Funds then wait for next opportunity as the train has left the station. Remember, low risk entry and high risk exit are very essential for success.
- Stocks - ONLY invest in strong patterns and always have STOP LIMIT in place. Use our trade size calculator to manage your risk for each position.
Market remains bullish and trend continues...