- McClellan index is well above EMA(59) and trending higher
- Nifty also remains well above MA(100), while MA(100) remains above MA(200) suggesting strong bullish bias
What does it mean for our Investments?
- Mutual Funds - Stay invested in equities and continue with SIP as we do not see any signs of market crash ahead as of now. If in debt funds then as long as you are making gains then stay put else have a exit plan at hand, do not extend losses beyond 8-10%. If in cash/FDs/ liquid funds then wait for right entry, this correction/pullback will be your friend and will provide you with right opportunity at right time. Remember, patience pays off hence use this time to do your homework and research.
- Stocks/ETFs - ONLY invest in strong patterns and always take partial gains once your position makes more than 30-50% gains. Use our trade size calculator to manage your portfolio risk as well as check out our watch list (we update our watch list towards end of the weekend).
Market in pullback which can be healthy for BULL run...