- Nifty well above MA(100) while MA(100) well above MA(200) suggesting bullish bias
- McClellan Index above EMA(59), however appears to be flattening suggesting caution
What does it mean for our Investments?
- Mutual Funds - If invested in equities then enjoy the gains, also continue with SIP plan if already in such a scheme. If in cash/FDs/Liquid funds then stay put and wait for next low risk entry.
- Stocks - ONLY invest in good patterns as not many stocks are showing low risk entry. Check out our watch list, some of the candidates have performed very well. Also do not forget to manage risk using trade size calculator.
Market remains bullish and no signs of danger for now...