- Nifty remains well above MA(100), while MA(100) remains above MA(200)
- McClellan Index continues to move upward while remaining well above EMA(59) & MA(100)
What does it mean for our Investments?
- Mutual Funds - If invested in equity funds then stay put but be ready to pull the plug if market falls below 6000 level. If invested in debt/bond funds then DO NOT take a loss more than 8-10%, until then let it ride. It might be in our best interest to stay in FDs or Liquid Funds for now.
- Stocks - ONLY invest in strong patterns and DO NOT forget to have STOP LIMIT in place. Check out our Watch list here.
Market is in consolidation, better be careful...