- Nifty well above MA(100) while MA(100) well above MA(200) and all trending higher
- McClellan Index well above EMA(59) and both trending higher
What does it mean for our Investments?
- Mutual Funds - Stay put if invested in equities, new positions can be opened ONLY if market breaks out to NEW HIGH. If in cash/liquid funds/FDs then the next low risk opportunity will be when market breaks out to NEW HIGH.
- Stocks - ONLY invest in strong patterns and DO NOT forget to have STOP LIMIT for all open positions. Check out our trade size calculator to manage risk on individual positions.
Market remains in strong bullish trend and currently in consolidation...