- 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
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...