- Nifty well above MA(100) suggesting bullish trend
- McClellan Index is however below EMA(59) and MA(100) but managed to stay flat, while MA(100) appears to be crossing EMA(59) - this is suggesting that more stocks are decling than advancing hence be cautious
What does it mean for our Investments?
- Mutual Funds - If invested in equities then continue to remain invested and same would apply to SIP. If in cash/liquid funds/FDs then wait for next low risk entry.
- Stocks/ETFs - Look for good patterns with low risk entry, check out our watch list for good candidates and trade size calculator to manage your risk.
Market continues to remains in bullish territory...