- Nifty although in pullback still above MA(100) while MA(100) above MA(200) - Appears to be normal pullback for now
- McClellan Index is flat yet above EMA(59) - suggesting to be cautious as more stocks are declining than advancing
What does it mean for our Investments?
- Mutual Funds - If invested in equities then remain invested, no need to stop SIP as well. If in cash or FDs or liquid funds then be patient for next low risk entry.
- Stocks - Invest in strong patterns, take advantage of our watch list to identify patterns along with risk management.
Market continues to remain bullish but better to be cautious...