- Nifty above MA(100) and MA(100) above MA(200), all trending higher - suggest bullish action
- McClellan Index below EMA(59) and EMA(59) below MA(100), all trending flat - suggests being cautious but gives benefit of doubt to bulls
What does it mean for our Investments?
- Mutual Funds - Stay invested in equities if already in the market and same would apply for SIP. If in cash/liquid funds/FDs then wait for low risk entry and have patience.
- Stocks - ONLY invest in strong convincing patterns and always have a STOP LIMIT in place. Use our trade size calculator to manage risk and also check out our watch list for potential BUY candidates.
Market remains in strong bullish trend...