- Nifty could not get above MA(100) - suggesting market remains bearish and vulnerable
- McClellan Index remains above EMA(59) and trending higher - suggesting more stocks are advancing than declining in cumulative manner
What does it mean for our Investments?
- Mutual Funds - If still invested in equities then time to hold onto this roller coaster ride, exiting now will be very expensive. No need to rush to start SIP unless we get positive trend reversal signs. If in cash/ FDs/ liquid funds then it is wise to stay on sidelines.
- Stocks - ONLY invest in strong patterns with good earnings guidance and DO NOT forget to have STOP LIMIT on open positions. When market is in correction, it will drag everything down with it. Check out our trade size calculator to manage your risk along with potential buy candidates watch list.
Market remains bearish stay away...