- 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
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...