- Nifty well above MA(100) while MA(100) has crosses MA(200) upwards confirming the current trend
- McClellan Summation Index has managed to stay above EMA(59) which suggests more stocks are advancing compared to declining thus supporting current market action
- Set in fear and panic
- Equilibrium has to be maintained which means overly bullish sentiment needs to be kept in control
Market remains in strong bullish territory, however be cautious....