- Look at Nifty which has bounced back from MA(100) for three times now - We can conclude that any time Nifty is close to MA(100), it is the low risk entry as long as Nifty continues to bounce back
- McClellan Index continues to drop for many months now - This by itself does not imply that market will drop as well but it does suggest to remain cautious
What does it mean for our Investments?
- Mutual Funds - If already invested in the market then enjoy the gains and continue the SIP.
- Stocks - ONLY invest in stocks with good patterns and DO NOT forget to manage risk appropriately. You might want to check out our trade size calculator along with our watch list of potential buy candidates.
Market remains in strong bullish trend...