- Nifty barely hanging above MA(100) and MA(100) is well above MA(200) while trending higher - giving benefit of doubt to BULLs
- McClellan Index well below EMA(59) and trending down - suggesting to be cautious ahead
What does it mean for our Investments?
- Mutual Funds - If already invested in the market then continue to remain invested, also no need to stop SIP. If in cash/FDs/liquid funds then this could be your low risk entry if market turns around, however be ready to pull the plug if market breaks the channel to downside for those who entered the market now.
- Stocks - ONLY invest in strong patterns with good risk management. You might want to check our trade size calculator which can help you manage your risk per trade. Also check our watch list as some of our picks have done fabulous.
Market continues to give benefit of doubt to BULLs but remain CAUTIOUS...