Tuesday, March 30, 2010

Update on The Ultimate Momentum Signal - 30th March, 2010

 The Breakout - Day 19

Nifty at a New High...!

The Nifty futures traded at a new 52 week high on Monday. Even though  the futures traded lower in the second half of Monday, it never breached the Friday's high of  5310. Finally, it closed at a new 52 week high at 5322.

Nifty Future - Daily Chart   

The trailing stop has been raised to 5232, which is 2.1 % lower than the Monday's high of 5344. 

The Updated Momentum Signal Spreadsheet 

The updated spreadsheet showing the Momentum Signal as on the close of   29th March 2010, is given below.

The value of the Ultimate Momentum Signal has remained in the bullish territory for the nineteenth day, after triggering a buy signal at 4936 on the budget day, the 26th of February.

 Projected Momentum Signal Close Values

The projected levels of closing values required for momentum shift / neutrality / continuation as on the close  of trading  on 30th March 2010 are given in the table below. The table also include the projected closing values of BSE Sensex required for momentum shift / neutrality / continuation.

You can click on the table to enlarge. For more info on the above table,  please click here.

Please note that the minimum closing values required for keeping the Momentum Signal in the buy mode ( i.e. above +50 ) are placed at 5278 and 5274 for the futures and the underlying index respectively.

Cheers and Prosperous Investing and Trading!!!

Hi Visitors, 
It seems that blogspot.com has difficulties in accepting uploaded pictures and therefore the non-clarity of the chart and tables which were uploaded through another service. Please bear with the inconvenience. 
Kind Regards,

PPS : Pictures and tables were uploaded again on 31st March, 2010, and therefore, the problem has been solved.
Kind Regards,


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