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Wednesday, March 31, 2010

Update on The Ultimate Momentum Signal - 31th March, 2010

The System Signals an Exit...!

On Tuesday, the Nifty futures closed in the neutral territory and this is a signal to exit the long positions entered on 26th Feb. 2010. The long position in the Nifty futures gained a profit of more than 300 points after considering the shifting costs. 

Nifty Futures - Daily Chart



The Updated Momentum Signal Spreadsheet


The updated spreadsheet showing the Momentum Signal as on the close of 30th March 2010, is given below.



Projected Momentum Signal Close Values


The projected levels of closing values required for momentum shift / neutrality / continuation as on the close of trading on 31st 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.

Cheers and Prosperous Investing and Trading!!!



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