- Nifty is back above MA(100) - sign of relief for now
- McClellan index remains below EMA(59), however it is flattening out which could be potentially a good sign
What does it mean for our Investments?
- Mutual Funds - If already invested in equities then stay put. If in cash/FDs/liquid funds then wait for market to stabilize a bit before entering, however if the bullish channel is broken then all bets are off.
- Stocks - ONLY invest in strong patterns with good earnings guidance and DO NOT forget to have STOP LIMIT on open positions. Check out our trade size calculator to manage your risk along with potential buy candidates watch list.
Market remains bullish for now...