- Nifty has managed to stay above MA(100) and MA(100) above MA(200) - Benefit of doubt goes to BULLs
- McClellan Index below EMA(59) and EMA(59) below MA(100) - More stocks continue to decline compared to advancing stocks hence it is better to remain cautious
What does it mean for our Investments?
- Mutual Funds - Stay invested in equities along with SIP if already in the market. If in cash/liquid funds/FDs then wait for next low risk entry.
- Stocks - ONLY invest in strong patterns but DO NOT forget to have STOP LIMIT on open positions. Check out our trade size calculator to manage risk per trade and also our watch list of potential BUY candidates might be useful.
Market remains bullish and continues to be range bound...