- Nifty remains well above MA(100) and MA(200) suggesting bullish action
- McClellan Index is above EMA(59) & MA(100) and appears to be inching higher, also bullish for the market
What does it mean for our Investment?
- Mutual Funds - If invested in equity markets then stay put until we see any signs of danger. If in debt funds then keep an eye on it and DO NOT take a loss more than 8-10%. If in cash/liquid funds/FDs then stay put until elections are out of the way.
- Stocks/ETFs - ONLY invest in strong patterns with STOP LIMIT in place.
Market continues to be bullish for now...