- Nifty has managed to stay above MA(100) while MA(100) remains above MA(200) - giving benefit of doubt to BULLs
- McClellan index continue to drop and well below EMA(59) - suggesting more stocks are declining than advancing
What does it mean for our Investments?
- Mutual Funds - Continue to remain invested in equity funds and no reason to stop SIP. For those trying to find low risk entry then last day of the week was your best bet, of-course do not forget STOP LIMIT. If still in cash/FDs/liquid funds then no need to worry, a better low risk entry will present itself in future.
- Stocks - ONLY invest in strong patterns with good risk management using our trade size calculator. You may also want to check our potential buy candidates list.
Market Bulls get benefit of doubt for now...