Market is struggling hard to hold onto the support near MA(50). Will we see repeat of Oct 2014 or will it be different this time!!!
- Nifty still above MA(100) while MA(100) above MA(200) & both trending higher - All signs suggest bullish sign for now
- McClellan Index is trending down while remaining well below EMA(59) & MA(100) - suggesting more no. of stocks are declining then advancing
What does it mean for our Investments?
- Mutual Funds - Stay invested if already in equity funds and no need to discontinue SIP. If in cash/liquid funds/FDs then watch for a low risk entry (especially if market starts moving up) but be ready to pull the plug.
- Stocks - ONLY invest in strong patterns and do not forget to have STOP LIMIT for any open positions.
Market in pullback but remains bullish for now...