If you are a regular reader of this blog then how about you take a shot at understanding below charts and come with your own conclusions!!! Read our conclusions at the end of each chart and see if it matches yours....
- Nifty well above MA(100), MA(100) well above MA(200) & all are trending higher suggesting strong bullish bias
- McClellan Index well above EMA(59) and appears to be flattening suggesting to be cautious
What does it mean for our Investments?
- Mutual Funds - Continue to remain invested in equities along with SIP as we do not see any signs of danger for now, however opening new positions now is not a wise idea. If in FDs/liquid funds/cash then stay put and wait for next low risk entry.
- Stocks - Only invest in strong patterns with good earnings guidance. Many of our picks have done well which you can check out in our watch list here and also do not forget to use trade size calculator to manage your risk.
Market showing strong bullish bias for now...