Market is slowly and steadily creeping higher making NEW HIGHs every week. Enjoy the BULL run till it lasts, however DO NOT get sucked into the hype. At this point, we do NOT see a low risk entry, so what shall we do?
Not much has changed in below chart -
- Nifty well above MA(100) while MA(100) well above MA(200), all trending higher - Suggesting bullish action
- McClellan index below EMA(59) and EMA(59) below MA(100), all trending flat - Suggesting caution as number of stocks advancing is less than declining
Market continue to remain in strong bullish territory with no signs of danger in sight.
Weekly chart is also suggesting strong bullish trend.
All charts are suggesting strong bullish bias, however number of stocks advancing is less than number of stocks declining. This does not pose any threat immediately but the longer this goes on the risk of market shock will keep increasing. Hence it is essential to find low risk entry in case market takes a wrong turn.
What does it mean for our investments?
Market is in strong bullish trend...
What does it mean for our investments?
- Mutual Funds - If invested in equities then enjoy the market bull run and continue to remain invested in SIP as well. If in cash/FDs or liquid funds then wait for next low risk entry and have patience.
- Stocks - ONLY invest in strong patterns with good risk management, use our trade size calculator to manage your risk along with our potential BUY candidates watch list.
Market is in strong bullish trend...