- Nifty remains well above MA(100) and MA(100) is above MA(200), both trending higher
- McClellan Index rising strong well above EMA(59)
What does it mean for our Investments?
- Mutual Funds - If already invested then stay put and enjoy the gains. If in debt funds then even those would be rising so enjoy the gains for now. If in cash/FDs/Liquid Funds then as suggested last week, we could have started SIP but if planning to enter with lump sum then have patience and wait for right entry.
- Stocks - ONLY invest in strong patterns with good earnings and DO NOT forget to have STOP LIMIT in place.
Market continues to show strong bullish bias...