- Nifty well above MA(100) while MA(100) well above MA(200), all lines are trending higher
- McClellan Index well above EMA(59), however its rising slope appears to be waning slowly and could flatten out in coming weeks/months
What does it mean for our Investments?
- Mutual Funds - Stay invested in equities as long as Market remains above MA(50) on daily chart OR above WMA(10) on weekly chart. If in debt funds then stay invested BUT do not take a loss more than 8-10%. If doing SIP in equity funds then continue as per the plan unless market drops significantly (we will get plenty of warning signs). If in cash/FDs/Liquid Funds then wait for next low risk entry and be patient.
- Stocks/ETFs - ONLY invest in strong patterns with good earnings guidance and DO NOT forget to have STOP LIMIT in place. Use our trade size calculator sheet or App to help you identify your risk appetite.
Market remains bullish however remain alert...