- Nifty well above MA(100) while MA(100) & MA(200) trending higher - Both suggesting bullish action
- McClellan Index below EMA(59) while both EMA(59) & MA(100) trending down - Both suggesting remain cautious
What does it mean for our Investments?
- Mutual Funds - If already invested in equities then stay put and enjoy the bullish gains. If in cash/FDs/liquid funds then wait for next low risk opportunity.
- Stocks - ONLY invest in strong patterns with good earnings guidance and DO NOT forget to have STOP LIMIT on open positions. Check out our trade size calculator to manage your risk along with potential buy candidates watch list.
Market is Bullish, enjoy the gains....