- McClellan Index has crossed both EMA(59) and MA(100)
- Nifty is converging fast towards MA(100) line
Above scenario indicates that its time to be cautious, as long as Market remains above MA(100) line we do not see any reason to be concerned. However, keep a watch on the market.
- Mutual Funds - Stay invested, we may see signs of caution but nothing to worry yet.
- Stocks - Invest in right patterns and always make sure you take partial profits, also have STOP LIMIT in place for open positions.
Market appears to be in pullback mode, be cautious...